ZPG PLC UK Competition and Market Authority's review (1351B)
March 31 2017 - 2:00AM
UK Regulatory
TIDMZPG
RNS Number : 1351B
ZPG PLC
31 March 2017
31 March 2017
ZPG Plc (LSE:ZPG) ("ZPG") or (the "Company")
Re: UK Competition and Market Authority's review
ZPG, owner of some of the UK's most trusted home-related digital
platforms including, Zoopla, uSwitch, PrimeLocation, Hometrack and
Property Software Group, announces that the Competition and Markets
Authority ("CMA") is reviewing the Company's acquisition of Websky
Limited ("Expert Agent") and that, accordingly, the CMA has served
an initial enforcement order under section 72(2) of the Enterprise
Act 2002 ("the order").
Having been informed of the review and the order ZPG is now
engaging in a consultation with the CMA and will make a further
announcement in due course.
For further information, please contact:
ZPG Plc
Ned Staple, General Counsel and Company Secretary -
ned.staple@zpg.co.uk
Lawrence Hall, Head of Communications -
lawrence.hall@zpg.co.uk
Rachael Malcolm, Head of Investor Relations -
rachael.malcolm@zpg.co.uk
Maitland
James Isola 020 7379 5151
Notes to Editors
About ZPG Plc (www.zpg.co.uk)
ZPG Plc (LSE:ZPG) ("ZPG") owns and operates some of the UK's
most trusted home-related digital platforms including Zoopla,
uSwitch, PrimeLocation, Hometrack and Property Software Group. Our
mission is to provide the most useful resources for consumers when
finding, moving or managing their home and be the most effective
partner for related businesses.
We help consumers to understand the property and home services
comparison markets and make smarter decisions, whilst helping
professionals to win more business and operate more effectively.
Our multi-brand, multi-channel approach creates a unique and
unrivalled proposition with our websites and mobile apps attracting
over 50 million visits per month and over 25,000 business partners
using our services.
Zoopla is the UK's most comprehensive property website, helping
consumers to research the market and find their next home by
combining hundreds of thousands of property listings with market
data and local information.
uSwitch is the UK's leading comparison website for home services
switching, helping consumers to find the best deal and save money
on their gas, electricity, broadband, TV, phone and personal
finance products.
PrimeLocation is one of the UK's leading property websites,
helping house-hunters in the middle and upper tiers of the market
explore and find their dream home from the top estate agents,
letting agents and property developers.
Hometrack is a leading automated valuation model (AVM) provider
in the UK and Australia, providing residential property market
insights, analytics, valuations and data services to over 400
partners including mortgage lenders, new home developers,
investors, housing associations and local authorities.
Property Software Group is the UK's largest supplier of software
and workflow solutions to the property industry with a portfolio of
brands including Alto, Jupix, CFP, Vebra, Core, Encore,
MyPropertyFile and MoveIT.
ZPG was founded in 2007 and has a highly experienced management
team, led by Founder & CEO, Alex Chesterman OBE.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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