Countrywide gets 250p approach – Countrywide has received an indicative approach from Connells Limited to acquire the entire issued and to be issued share capital of the Company, in cash, at a price of 250 pence per Countrywide share. The approach is at an early stage and Connells Limited has indicated that any offer is conditional upon, amongst other things, completion of confirmatory due diligence and the recommendation of the board of Countrywide.
There can be no certainty that an offer will be made, nor as to the terms of any such offer, should one be made.
Postponement of General Meeting
In the light of recent discussions with shareholders, the board has taken the decision to postpone the general meeting to approve the shareholder resolutions pursuant to the proposed transaction announced on 22 October 2020 until further notice.