The final days of Hunters as a standalone estate agency business have been set out in the final update to its acquisition by rival The Property Franchise Group (TPFG).In documents released to the City today, the company reveals that voting on the deal by shareholder is due to take place on 3rd March at a court appointed meeting after which General Meetings of both TPFG and Hunters will vote through the deal formally.“The Hunters Directors unanimously recommend that Hunters Shareholders vote in favour of the Scheme at the Court Meeting and the Special Resolution to be proposed at the General Meeting,” today’s announcement confirms.As the two companies announced on 28th January, this will see TPFG – which operates several franchised estate agency brands including Martin & Co and Ewemove – buy Hunters’ entire stock, valuing the company at £24 million.Following these meetings, which are not expected to be complicated by any rival takeover bids, Hunters shares are to be suspended from trading on the AIM stock exchange on 19th March and withdrawn on 22nd March.22nd MarchOn the same day new TPFG shares will be issued, which are part of the ‘cash and equity’ deal Hunters shareholders were offered to win their approval.Before all this happens, Hunters’ directors have revealed that the company is to pay a special dividend of 2.7p per share for the year ended 31st December 2020, which will be paid on 12th March.On the same day the estate agency will make good on its promise to pay its unused CBILS Covid loans back to the public purse early.Hunters co-founder and chairman, MP Kevin Hollinrake, features in a Q&A with industry trainer and consultant Stephen J Brown published on YouTube today. Kevin Hollinrake Hunters TPFG February 10, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Hunters to join TPFG stable on 22nd March, latest City update reveals previous nextAgencies & PeopleHunters to join TPFG stable on 22nd March, latest City update revealsFinal days of Hunters as a standalone estate agency have been set out by its Directors – 29 years after it was founded.Nigel Lewis10th February 202101,020 Views
"Hunters to join TPFG stable on 22nd March, latest City update reveals"