Stanley Gibbons Group PLC Issue of Equity (3996Y)

TIDMSGI

RNS Number : 3996Y

Stanley Gibbons Group PLC

01 December 2014

The Stanley Gibbons Group plc ("Stanley Gibbons" or the "Company")

Issue of Equity

1 December 2014

Under the terms of the acquisition in 2013 of The Fine Art Auction Group Limited ("TFAAG") by Noble Investments (UK) plc ("Noble"), the Company's wholly owned subsidiary, shareholders in TFAAG were able to opt to accept an earn-out based on the future financial performance of TFAAG (the "TFAAG Earn-Out").

As a result of TFAAG achieving its Year 2 earn-out condition, individuals that accepted the TFAAG Earn-Out will be paid their third and final tranche, which under the terms of the acquisition of Noble by Stanley Gibbons, is partially payable in Stanley Gibbons ordinary shares of 1p each ("Ordinary Shares").

Accordingly, application has been made for 126,260 Ordinary Shares in Stanley Gibbons to be admitted to trading on AIM ("Admission"). These Ordinary Shares will rank pari passu with the existing issued Ordinary Shares of the Company and dealings are expected to commence on Monday 8 December 2014.

Following Admission the Company's total issued share capital will comprise 46,815,707 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 / Richard Brown /       Tel: +44 (0) 20 7418 8900 
  George Sellar 
 
 Tavistock, Financial PR 
 Lulu Bridges / Teresa Towner        Tel: +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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