Article 6C130 Purplebricks’ £1 sale to rival Strike backed by shareholders

Purplebricks’ £1 sale to rival Strike backed by shareholders

by
Casper Hughes
from on (#6C130)

Investors also vote to delist firm from London's junior market and change name to Bricks Newco plc

Shareholders in Purplebricks have voted overwhelmingly to sell the online estate agent for only 1 to Strike, a competitor backed by the telecoms tycoon Sir Charles Dunstone.

In a vote held on Friday, 91% of the votes were cast in favour of the deal, which was recommended to investors by the board last month.

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