Stanley Gibbons Group PLC Issue of Equity (9742V)
December 19 2013 - 5:44AM
UK Regulatory
TIDMSGI
RNS Number : 9742V
Stanley Gibbons Group PLC
19 December 2013
The Stanley Gibbons Group plc ("Stanley Gibbons" or the
"Company")
Issue of Equity
Noble Investments (UK) plc, the Company's wholly owned
subsidiary, has entered into a deed of amendment ("Deed of
Amendment") relating to a warranty deed concerning the prior sale
and purchase of The Fine Art Auction Group Limited ("TFAAG") by
Noble. Under the Deed of Amendment it was agreed that 182,353 new
Noble shares, previously withheld from the initial consideration
under the warranty deed, be issued to one of the vendors.
Under the Noble articles of association, each new Noble Shares
was automatically transferred to the Company in consideration for
192.5 pence in cash and 0.21186 new shares in the Company.
Accordingly, application has been made for 38,633 Ordinary
Shares in Stanley Gibbons to be admitted to trading on AIM
("Admission"). These shares will rank pari passu with the existing
issued shares of the Company and dealings are expected to commence
on Friday 20 December 2013.
Following Admission the Company's total issued share capital
will comprise 46,129,860 Ordinary Shares.
Enquiries:
The Stanley Gibbons Group plc
Richard Purkis, Company Secretary Tel: +44 (0) 1534 766711
www.stanleygibbons.com
Peel Hunt LLP, Nomad / Broker
Dan Webster/ Matthew Armitt / Richard Brown Tel: +44 (0) 20 7418
8900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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