15th Mar 2006 10:37
Disposal of Shares in Rightmove plcCountrywide plc (`Countrywide') confirms that it has disposed of 5.3m shares inRightmove plc (`Rightmove'), the operator of the UK's largest residentialproperty portal, upon its admission to trading on the London Stock Exchange'smain market earlier today. The shares were acquired by registered customers ofRightmove, eligible employees of Rightmove and institutional investors. Inaggregate Countrywide received ‚£17.8m in cash which increased the Countrywidegroup's aggregate cash resources and realised a profit of ‚£16.5m.The Rightmove prospectus which was published on 22 February 2006 showsRightmove had profit before tax of ‚£5.536m in the year ended 31 December 2005and at that date had gross assets of ‚£13.055m. The executive directors ofRightmove plc are: Scott Forbes; Ed Williams; Graham Zacharias and NickMcKittrick.ENDCOUNTRYWIDE PLCRelated Shares:
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