22 September 2016
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 £3.17 between the period from 9th August 2016 to 21 September 2016. The gross proceeds of the share sales amount to £29.2 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.
Caroline Somers, Head of External Communications
Jim Clarke, Group Chief Financial Officer
This information is provided by RNS