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The Property Franchise Group PLC (TPFG) announced on March 7, 2025, that its board confirmed in writing to The Panel on Takeovers and Mergers that the company complied with its post-offer statements of intent, following the completion of its offer for Belvoir Group PLC on March 7, 2024. The statements of intent were detailed in its January 10, 2024 announcement and the scheme document published January 24, 2024.
| Date | 7 Mar 2025 |
| Time | 07:00:03 |
| Category | Corporate updates |
| ID | 6839Z |
7 March 2025
THE PROPERTY FRANCHISE GROUP PLC
("TPFG", the "Company" or the "Group")
Rule 19.6(c) Confirmation
The Property Franchise Group PLC, the UK's largest multi-brand property franchisor, announces that further to the completion of its recommended offer for the entire issued and to be issued ordinary share capital of Belvoir Group PLC, which was effected by way of a scheme of arrangement under Part 26 of the Companies Act 2006 on 7 March 2024, its board of directors has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that the Company has complied with its post-offer statements of intent made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as detailed in its announcement of 10 January 2024 and the scheme document published on 24 January 2024.
For further information, please contact:
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The Property Franchise Group PLC Gareth Samples, Chief Executive Officer Ben Dodds, Chief Financial Officer |
01202 405 549
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Canaccord Genuity Limited (Nominated Adviser and Joint Broker) Max Hartley Harry Rees |
020 7523 8000
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Singer Capital Markets (Joint Broker) Rick Thompson James Fischer |
020 7496 3000
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Alma Strategic Communications Justine James Joe Pederzolli Kinvara Verdon |
020 3405 0209 |
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About The Property Franchise Group PLC:
The Property Franchise Group PLC (AIM: TPFG) is the UK's largest multi-brand property franchisor, with a network of over 1,946 outlets delivering high quality services to residential clients, combined with an established Financial Services business.
The Company was founded in 1986 and has since strategically grown to a diverse portfolio of 18 brands operating throughout the UK, comprising longstanding high-street focused brands and two hybrid brands. The Property Franchise Group is also a member of two leading mortgage networks through its mortgage brokers, Brook Financial (MAB) and The Mortgage Genie (Primis).
TPFG's brands are: Belvoir, CJ Hole, Country Properties, Ellis & Co, EweMove, Fine & Country, Hunters, Lovelle, Martin & Co, Mr and Mrs Clarke, Mullucks, Newton Fallowell, Nicholas Humphreys, Northwood, Parkers, The Guild of Property Professionals and Whitegates.
Headquartered in Bournemouth, the Company was listed on AIM on the London Stock Exchange in 2013 and entered the AIM 100 in July 2024.
More information is available at www.propertyfranchise.co.uk