DAILY 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 make an initial public offering (IPO) on the London Stock Exchange. DMGT intends to participate in the IPO and reduce its stake in Zoopla. DMGT currently holds a 52.6% stake in Zoopla. On 5 June 2014 Zoopla announced the price range for its planned IPO. The price range is set at 200 pence to 250 pence per share. The mid-point of the price range 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. The Offer 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 beginning the same day. Admission and unconditional dealings in the shares are expected to commence on or around 24 June 2014. For further information For analyst and institutional enquiries: Stephen Daintith, Finance Director +44 20 3615 2902 Adam Webster, Head of Management Information and 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. We bring together leading companies and talented people to provide businesses and consumers with high-quality analysis & insight, information, news and entertainment. 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, across the most attractive growth markets in innovative, responsible and sustainable ways, building on its track record of earnings and dividend growth. Daily Mail and General Trust plc Northcliffe House, 2 Derry Street, London, W8 5TT www.dmgt.com
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