Stanley Gibbons Group PLC Trading Statement (6669N)

TIDMSGI

RNS Number : 6669N

Stanley Gibbons Group PLC

30 July 2014

THE STANLEY GIBBONS GROUP PLC

   FOR IMMEDIATE RELEASE                                                                 30 July 2014

THE STANLEY GIBBONS GROUP PLC ("the Company")

Trading Statement

Ahead of the Annual General Meeting being held later today, the Board of the Company updates the market with the following Trading Statement:

"Trading for the first six months to 30 September 2014 is expected to be in line with the Board's expectations, although is subject to the completion of some large sales to key clients, expected in August.

The implementation of our strategy remains on target with testing and development of the new Stanley Gibbons branded online marketplace progressing well in the short period since the announcement of our final results last month and remains on schedule for launch later in the year.

The integration of Noble continues to progress well and in line with our plans. The works being undertaken at 399 Strand, London are on schedule for completion in September this year which will enable the integration of the Baldwin's and Stanley Gibbons' teams and the sale of our freehold property at Adelphi Terrace.

The strength and quality of our stockholding at this time, current sales initiatives and the known, significant auction consignments coming through leave the Company well placed for the remainder of the year."

For further information, contact:

 
 The Stanley Gibbons Group plc 
  Michael Hall, Chief Executive 
  Donal Duff, Chief Finance Officer      +44 (0) 1534 766711 
 Peel Hunt LLP, NOMAD/Broker 
  Dan Webster/Matthew Armitt/Richard 
  Brown                                 +44 (0) 20 7418 8900 
 Tavistock Communications 
  John West/Lulu Bridges                +44 (0) 20 7920 3150

This information is provided by RNS

The company news service from the London Stock Exchange

END

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