ZPG To Repurchase Shares For Future Warrant Exercises (ALLISS)

20th Mar 2018 13:07

LONDON (Alliance News) - ZPG PLC said Tuesday it will repurchase 590,000 shares, to be held in treasury, for use in satisfying future warrants exercises.

ZPG - which owns online property portal Zoopla - said the repurchase programme will begin immediately and end no later than May 23.

With shares 2.7% higher at 330.80 pence on Tuesday, at current prices the repurchase is worth around GBP2.0 million. The company said it does not expect the programme to exceed GBP2.5 million.

ZPG currently has a market capitalisation of GBP1.45 billion.

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