Purplebricks set for stock market exit...

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16 June 2023

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By Marc Shoffman

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Purplebricks ended its life on the stock market with a share price of 0.30p.

It comes as the controversial online brand officially delisted from the Alternative Investment Market this morning follow its takeover by rival Strike for just £1.

The company listed to much fanfare, mainly from its own founders, at 95.5p per share in 2015, reaching a peak of almost 500p in 2017.

But several issues including compliance failures, leadership changes and questions over its actual sales and financial performance have seen its share price plummet ever since.
It ends its listed life down 99.6%.

The brand and all its debts and liabilities have been sold to Strike.

Purplebricks said in its final stock market update yesterday that its shares would be cancelled at 7am today.

A new website will be available at www.bricksnewco.co.uk for further information and shareholder communications regarding the company's proposed members' voluntary liquidation.

https://www.investegate.co.uk/announcement/rns/purplebricks-group--purp/delisting/7577649