In a vote held on Friday, 91% of the votes were cast in favour of the deal, which was recommended to investors by the board last month.
Once seen as an innovator in online house sales and rental, with a peak market valuation of £1.3bn, Purplebricks put itself up for sale in February after issuing a string of profit warnings that resulted in its market value falling to £30m.
In May, the Purplebricks chair, Paul Pindar, said the company had accepted an offer of £1 from Strike, despite being “disappointed with the financial value outcome”.
The shareholders voted to delist the company from London’s junior market and change the company’s corporate name to Bricks Newco plc.
Under the terms of the deal offered by Strike, which is backed by the Carphone Warehouse and TalkTalk founder, Dunstone, Purplebricks will use about £5.5m in cash to pay expenses and costs not covered by the buyer, leaving shareholders with about £2m in proceeds from the sale.
One of Purplebricks’ largest shareholders, Lecram Holdings – an investment vehicle run by the activist investor Adam Smith – last week put forward a rival bid, at 0.5p a share, valuing the company at £1.53m.
