ZPG quits London stock market as shareholders cash in

The £2.2bn take-over of Zoopla’s parent company ZPG by US equity firm Silver Lake is now complete, with shares de-listed from the London stock market yesterday.

A search on the London Stock exchange now simply says “Page not found”.

Yesterday, in one of ZPG’s final announcement to the London Stock Exchange, it said that shareholders are entitled to receive 490p for each share held at 6pm on July 10. They will be sent the money on or by July 25.

Dealings in ZPG shares were suspended on July 11, and yesterday at 8am, the shares were de-listed.

Zoopla launched on the stock market in June 2014, with a market capitalisation of £919m.

Separately, Foxtons had another bad day’s trading yesterday, with shares slipping 5.09%, to finish at yet another new low of 47.5p.

 

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