Offer from The Property Franchise Group plc
Official documentation regarding the "offer from The Property Franchise Group plc"
Read moreWelcome to Hunters Investor Relations
We are pleased to announce that the Scheme of Arrangement as was published on 10 February 2021 was sanctioned by the Court and took effect on Friday 19th March 2021.
For further details please press the link below which will take you to the Investor Relations page as for the Property Franchise Group.
https://thepropertyfranchisegroup.co.uk/investors
Commenting on the Acquisition, Kevin Hollinrake, Chairman of Hunters, said:
“We founded Hunters almost three decades ago with a single small office in York and a huge ambition to offer a brilliant service to our customers and to become the nation’s favourite property agency. Our ambition for our customers and our brand is undimmed and we see this consolidation as the vital next step that allows us to invest in the services, training and technology our customers and franchisees need. The success we have achieved is a tribute to the incredible efforts of the thousands of people who provide the service on the ground and the passion and commitment of our management team. I am so grateful, and indeed moved, that every member of our network remains faithful to our original vision and values and I know that they will continue to do so.”
Looking forward and commenting on the Acquisition, Richard Martin, TPFG’s Non-Executive Chairman, said:
""I am delighted to confirm that we have reached an agreement with the Hunters Board and major Hunters Shareholders on the recommended acquisition of Hunters. We believe that the Acquisition represents a compelling opportunity for all shareholders.
“Hunters, with its reputable brand, experienced management team, trusted franchisees and strength in residential sales, is complementary to our current offering. The Acquisition will enable us to continue to grow in the sector and, ultimately, deliver greater value to shareholders.”
I am delighted that Hunters, a company close to my heart, has joined forces with The Property Franchise Group. It is in the interests of our colleagues and franchise partners as there will be the enhanced opportunities that is expected from a combined and much larger entity. For franchise partners it will provide significant opportunities from converting independent operators to franchisees, assisting franchisees in the purchase of managed portfolios of tenanted properties, and through enhanced use of digital marketing. This is a new stage on our Hunters journey. When I look back and see what we have achieved together so far, it is outstanding. Without question I look forward to what the future holds, being part of a much bigger group gives us so many opportunities both as a group and as individuals. All business is about people and that is especially true of ours!
All of us at TPFG are very proud to be officially bringing the Hunters brands into our stable today. Hunters has established a reputation for a very high quality of service and we are very pleased to now have nine exceptional brands represented in the Group. By bringing together Hunters and TPFG we have gained significant scale and are now the UK’s largest property franchise business. I am very excited for what the future holds for everyone in the business.