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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Foxtons Group Plc | LSE:FOXT | London | Ordinary Share | GB00BCKFY513 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.40 | 0.69% | 58.40 | 58.20 | 59.00 | 60.00 | 58.00 | 58.00 | 777,296 | 16:35:08 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 147.13M | 5.49M | 0.0182 | 32.20 | 176.56M |
From May 2019 to May 2024
TIDMFOXT
RNS Number : 5773E
Foxtons Group PLC
02 March 2020
FOXTONS GROUP PLC (the "Company" or "Foxtons")
ACQUISITION
Monday 2 March 2020
Foxtons Group plc (LSE: FOXT), London's leading estate agency, is pleased to announce the acquisition of the entire issued share capital of London Stone Properties Limited and its subsidiary company London Stone Property Sales Limited from its owner and founder Hilary Stone. London Stone is a well-established, high quality independent estate agent, primarily focussed on lettings and property management based in Woolwich, London. The Directors believe the acquisition will fit well with our existing business model and branch network due to the high level of customer service and strong growth in landlords that London Stone has demonstrated over a number of years.
The cash consideration for London Stone is GBP2.2m, on a cash and debt free basis, of which GBP0.2m is deferred for a period of 12 months. The cash consideration is being funded by Foxtons' existing cash resources.
London Stone's unaudited revenue and profit before tax for 2019 was GBP1.5m and GBP0.7m respectively. Gross assets at the end of December 2019 were GBP4.3m.
The Directors believe that the acquisition will be earnings enhancing from 2020.
For further information, please contact:
Hot Features
Premium
Foxtons Group plc
Richard Harris, Chief Financial +44 20 7893 6261 investor@foxtonsgroup.co.uk
Officer
Muhammad Patel, Investor Relations
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Teneo
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Robert Morgan / Anthony Di Natale +44 20 7420 3194
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-END-
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
March 02, 2020 02:00 ET (07:00 GMT)
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