5th Jun 2014 07:00
DAILY MAIL & GENERAL TRUST PLC - Zoopla Property Group IPO Price RangeDAILY MAIL & GENERAL TRUST PLC - Zoopla Property Group IPO Price Range
PR Newswire
London, June 4
5 June 2014 Daily Mail and General Trust plc (`DMGT') Zoopla Property Group IPO Price Range On 22 May 2014, Zoopla Property Group (Zoopla) announced its intention to makean initial public offering (IPO) on the London Stock Exchange. DMGT intends toparticipate in the IPO and reduce its stake in Zoopla. DMGT currently holds a52.6% stake in Zoopla. On 5 June 2014 Zoopla announced the price range for its planned IPO. The pricerange is set at 200 pence to 250 pence per share. The mid-point of the pricerange implies a market capitalisation for Zoopla of approximately £940 million.The base deal offer size is in the region of 111 million to 179 million shares,representing between 27% and 43% of Zoopla's existing issued share capital. TheOffer comprises the sale of existing shares only. Final pricing is currently expected to be announced on or around 19 June 2014,with conditional dealings in the shares on the London Stock Exchange beginningthe same day. Admission and unconditional dealings in the shares are expectedto commence on or around 24 June 2014. For further information For analyst and institutional enquiries: Stephen Daintith, Finance Director +44 20 3615 2902Adam Webster, Head of Management Informationand Investor Relations +44 20 3615 2903 For media enquiries: Kim Fletcher / Charlie Potter, Brunswick Group +44 20 7404 5959 About DMGT DMGT is an international business built on entrepreneurship and innovation. Webring together leading companies and talented people to provide businesses andconsumers with high-quality analysis & insight, information, news andentertainment. Group revenues are split across our five operating businesses. The B2B businesses are: • Risk Management Solutions • dmg information • dmg events • Euromoney Institutional Investor The Consumer business, known as dmg media, comprises: • The Daily Mail and The Mail On Sunday • MailOnline • Metro • Wowcher • Zoopla Property Group (Zoopla & Prime Location) DMGT's ambition is to provide the highest quality content and services, acrossthe most attractive growth markets in innovative, responsible and sustainableways, building on its track record of earnings and dividend growth. Daily Mail and General Trust plcNorthcliffe House, 2 Derry Street,London, W8 5TT www.dmgt.com
Registered in England and Wales No. 184594
Related Shares:
DMGT.L