LSL Property Services Holdings in Zoopla Property Group PLC (9064N)

TIDMLSL

RNS Number : 9064N

LSL Property Services

31 October 2016

LSL Property Services plc

Holdings in Zoopla Property Group PLC

Further to the announcement made on 16(th) September 2016, LSL Property Services plc ("LSL") announces that it has sold, in aggregate, a further 3,533,786 ordinary shares in Zoopla Property Group PLC ("Zoopla") at an average price of GBP3.17 between the period from 19(th) September 2016 to 31(st) October 2016.

Following the disposal, LSL no longer holds any ordinary shares in Zoopla.

The proceeds of the disposal will be used to reduce corporate indebtedness and for other general corporate purposes.

This announcement is made in accordance with Listing Rule 10.4.1.

For further information contact:

 
 Ian Crabb, Group Chief Executive 
  Officer 
 Adam Castleton, Group Finance 
  Director 
 LSL Property Services plc           0207 382 0360 
 

Notes on LSL:

LSL is a leading provider of residential property services to its key customer groups. Services to consumers include: residential sales, lettings, surveying, conveyancing and advice on mortgages and non-investment insurance products. Services to mortgage lenders include: valuations and panel management services, asset management and property management services. For further information, please visit LSL's website: www.lslps.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCZMMFGVMZGVZM

(END) Dow Jones Newswires

October 31, 2016 12:33 ET (16:33 GMT)