LSL Property Services Holdings in Zoopla Property Group PLC (1269K)
16 September 2016 - 5:30PM
UK Regulatory
TIDMLSL
RNS Number : 1269K
LSL Property Services
16 September 2016
16 September 2016
LSL Property Services plc
Holdings in Zoopla Property Group PLC
LSL Property Services plc ("LSL") announces that it has sold in
aggregate 7,780,000 ordinary shares in Zoopla Property Group PLC
("Zoopla") at an average price of GBP3.20 between the period from
20(th) July 2016 to 16(th) September 2016.
Following the disposal, LSL holds 3,533,786 of Zoopla's ordinary
shares, representing 0.8% of Zoopla's ordinary share capital.
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
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(END) Dow Jones Newswires
September 16, 2016 12:30 ET (16:30 GMT)