REA Group verified that, on 5 September 2024, it made a non-binding a measure proposition to the Board of Directors of Rightmove plc regarding a possible money cash and share deal for the entire launched and to be launched share funding ofRightmove The Rightmove Board denied theProposal The Proposal recommended an total deal value of 705 dime for every Rightmove share and valued Rightmove’s complete launched and to be launched common share funding at roughly 5.6 billion additional kilos.
Under the regards to the Proposal, Rightmove traders will surely maintain roughly 18.6 p.c of the blended group’s launched share funding adhering to conclusion. REA intends to get a second itemizing of each considered one of common shares in London, which will surely make it attainable for buying and selling in REA common shares on each the London Stock Exchange and the Australian Securities Exchange in a completely fungible manner.
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