TIDMZPG
RNS Number : 3934X
ZPG PLC
23 November 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE
ON TAKEOVERS AND MERGERS (THE "CODE")
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
23 November 2017
ZPG Plc
Statement regarding GoCompare Group Plc
Further to the announcements by ZPG Plc ("ZPG") and
Gocompare.com Group plc ("GoCompare") in relation to ZPG's possible
offer for the entire issued and to be issued share capital of
GoCompare, ZPG confirms that it does not intend to make a further
offer for GoCompare and is consequently bound by the restrictions
under Rule 2.8 of the Code.
ZPG continues to take a disciplined approach to capital
allocation to ensure that investments, including acquisitions, are
made in the best interests of ZPG shareholders.
This announcement is made in accordance with Rule 2.8 of the
Code. ZPG reserves the right to announce an offer or possible
offer, or participate in an offer or possible offer for GoCompare,
and / or take any other action which would otherwise be restricted
under Rule 2.8 of the Code within six months after the date of this
announcement either with the consent of the board of GoCompare, if
a third party announces a firm intention to make an offer for
GoCompare, if GoCompare announces a "whitewash" proposal or a
reverse takeover, or if the Panel determines that there has been a
material change of circumstances.
A copy of this announcement will be available subject to certain
restrictions relating to persons resident in restricted
jurisdictions on ZPG's website at www.zpg.co.uk/investors as soon
as possible.
The content of the website referred to in this announcement is
not incorporated into and does not form part of this
announcement.
-End-
Enquiries:
ZPG Plc
Lawrence Hall, Head of Communications - lawrence.hall@zpg.co.uk
/ 07890 078 945
Rachael Malcolm, Head of Investor Relations -
rachael.malcolm@zpg.co.uk / 0203 8725 648
Maitland - PR Adviser
James Isola +44 (0)20 7379 5151
Credit Suisse - Financial Adviser
Tel: +44 (0)20 7888 8888
Gillian Sheldon
Joe Hannon
Lewis Burnett
Jefferies International Limited - Financial Adviser
Tel: +44 (0)20 7029 8000
Paul Nicholls
Dominic Lester
Tariq Hussain
About ZPG Plc (www.zpg.co.uk)
ZPG Plc (LSE:ZPG) ("ZPG") owns and operates some of the UK's
most trusted digital brands that help empower smarter property and
household decisions including Zoopla, uSwitch, Money, PrimeLocation
and SmartNewHomes. We are also one of the leading residential
property data and software providers with a range of products
including Hometrack, TechnicWeb, Ravensworth, Alto, Jupix,
ExpertAgent, PropertyFile and MoveIT. Our websites and apps attract
over 50 million visits per month and over 25,000 business partners
use our services. ZPG was founded in 2007 and has a highly
experienced management team, led by Founder & CEO, Alex
Chesterman OBE.
Zoopla is the UK's most comprehensive property website, helping
consumers to research the market and find their next home by
combining hundreds of thousands of property listings with market
data and local information.
uSwitch is the UK's leading comparison website for home services
switching, helping consumers to find the best deal and save money
on their gas, electricity, broadband, TV, phone and other
products.
Money is one of the UK's leading financial services comparison
websites, helping consumers compare products including mortgages,
loans, credit cards, bank accounts and insurance from more than 600
providers.
PrimeLocation is one of the UK's leading property websites,
helping house-hunters in the middle/upper tiers of the market find
their dream home from the top estate agents, letting agents and
property developers.
SmartNewHomes is the UK's leading website dedicated exclusively
to new homes, helping buyers understand the market and search for
new build homes from all the leading property developers across the
country.
Hometrack is a leading supplier of automated property valuations
and property market insights in the UK and Australia to partners
including mortgage lenders, developers, investors, housing
associations and others.
TechnicWeb is the UK's leading estate agency website design and
hosting business specialising in designing and operating
fully-responsive websites for the property sector.
Ravensworth is the UK's leading provider of print solutions to
estate agents and offers a comprehensive range of products and
services for every stage of the property marketing journey from
listing through to post-sale.
Alto, Jupix and ExpertAgent are some of the leading cloud-based
estate agency and property management software systems used by
thousands of property professionals across the UK for the
day-to-day management of inventory, marketing and
communications.
PropertyFile and MoveIT are innovative tools used by estate
agents to improve communication and efficiency with their customers
and to allow them to generate additional revenue streams via
referrals.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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