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Shareholders back Strike takeover of Purplebricks

Shareholders have backed the sale of Purplebricks to online rival Strike.

A general meeting was held this morning for shareholders to consider Strike’s offer for Purplebricks.

The sale of the business and its assets was backed by 91% of shareholder votes.


Another 85% backed the cancellation of Purplebricks’ stock market listing and its registration as a private company under the name Bricks Newco PLC. 


The update said: “Following the passing of resolutions, completion of the business and asset sale to Strike will take place today. 

“The net proceeds which are available for distribution to shareholders will be distributed in due course.”

As previously announced on 17 May 2023, Helena Marston has resigned from her role as chief executive and a director of the Company with effect from today.

  • Glenn Taylor

    delist, distribute net proceeds, is this what I think it is?

  • Glenn Taylor

    delist, distribute net proceeds, is this what I think it is?

    jeremy clarke

    Is it a way of writing off debts and agreeing zero payout to shareholders?

  • Andrew Stanton PROPTECH-PR A Consultancy for Proptech Founders

    Maybe Helena Marston & Alison Platt can team up and offer MP services - with the tagline 'We guarantee to turn your listed company into a car crash in record time'.

    Separate to this, though tough at the time at least Michael & Kenny when they were forced out and had to cash in, they had did so when the share price was not 0.5p - so maybe they are still the biggest winners. As now a large flank of investors will end up with shirt buttons.


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