TIDMCWD TIDMZPLA

RNS Number : 5367K

Countrywide PLC

22 September 2016

22 September 2016

Countrywide plc

Holdings in Zoopla Property Group PLC

Countrywide plc ("Countrywide" or the "Group") (LSE:CWD) announces that it has sold in aggregate 9,234,473 ordinary shares in Zoopla Property Group PLC ("Zoopla") at an average price of GBP3.17 between the period from 9(th) August 2016 to 21 September 2016. The gross proceeds of the share sales amount to GBP29.2 million.

Following the disposal, Countrywide no longer has a holding in Zoopla's ordinary share capital.

The proceeds of the disposal will be used to reduce corporate indebtedness and for other general corporate purposes.

This announcement is made in accordance with Listing Rule 10.4.1.

-Ends-

Contacts:

 
 Media                      Investors 
 Caroline Somers, Head of   Jim Clarke, Group Chief 
  External Communications    Financial Officer 
  +44(0)7515919588           +44(0)7970 477299

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 22, 2016 03:00 ET (07:00 GMT)

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