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.
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.”