REA Group verified that, on 5 September 2024, it made a non-binding a measure proposition to the Board of Directors of Rightmove plc concerning a feasible cash money and share deal for the whole released and to be released share funding ofRightmove The Rightmove Board denied theProposal The Proposal suggested an overall deal worth of 705 dime for each and every Rightmove share and valued Rightmove’s whole released and to be released regular share funding at roughly 5.6 billion extra pounds.
Under the regards to the Proposal, Rightmove investors would certainly hold roughly 18.6 percent of the mixed team’s released share funding adhering to conclusion. REA intends to get a second listing of every one of regular shares in London, which would certainly make it possible for trading in REA regular shares on both the London Stock Exchange and the Australian Securities Exchange in a totally fungible way.
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