Rightmove Plc - Response to Rule 2.8 announcement from REA
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
FOR IMMEDIATE RELEASE
Response to Rule 2.8 announcement from REA
The Board of
Through this process, the Board concluded that REA's proposals were unattractive and materially undervalued
The Board is confident in
-
- A clear strategy in place to deliver long term and profitable growth
- Well positioned to drive innovation and digitisation through the entire property transaction chain, powered by unrivalled market data and insights
- Together with the Core 1 business, Strategic Growth Areas 2 will deliver a higher-growth, more diversified business, and an even stronger platform
-
The Board is confident that
Enquiries:
Rightmove Investor.Relations@rightmove.co.uk Investor Relations Sodali & Co (Financial Communications )Elly Williamson +44 207 250 1446 / rightmove@sodali.comRob Greening Jane Glover
Notes:
1.
2. Commercial Property, Rental Services and Mortgages
About
--Rightmove has theUK's largest selection of properties for sale and to rent, adds more listings than anyone else, and over 80% of all time spent on property portals is onRightmove . --Rightmove's vision is to give everyone the belief that they can make their move by giving people the best place to turn and return to for access to tools and expertise to make it happen. -- People can searchRightmove for residential resale, new homes, rentals, commercial property and overseas properties and use tools and information including getting a Mortgage in Principle, checking local sold prices, property valuations, market trends, maps and schools. -- Customers include the following key groups: estate agents, lettings agents, new homes developers, rental operators, commercial property operators and overseas property agents. -- Using theUK's largest housing datasets, we issue a number of regular reports to track housing market indicators: our monthly House Price Index (established 2002), our quarterly Rental Trends Tracker (established 2015), and a weekly Mortgage Rates Tracker (established 2023). Historical data is available on request. -- Founded in 2000,Rightmove listed on theLondon Stock Exchange in 2006 and is a member of theFTSE 100 index.