TIDMSGI

RNS Number : 7445L

Stanley Gibbons Group PLC

13 January 2016

THE STANLEY GIBBONS GROUP PLC

   FOR IMMEDIATE RELEASE                                                         13 January 2016

THE STANLEY GIBBONS GROUP PLC ("the Company" or "the Group")

Share price movement

The Directors note the recent movement in the Company's share price and would like to update on current intentions for funding the business.

In response to a number of unsolicited enquiries from shareholders and other investors, the Board is considering a number of fundraising alternatives to reinforce the working capital position prior to the year ended 31 March 2016. However, whilst an equity fundraising is one option potentially available to the Board, the discount to the Group's net asset value at which any such fundraising would likely be priced could make it a relatively unattractive route to alternatives under consideration. The Directors will update the market on the progress of these considerations in due course.

For further information, contact:

The Stanley Gibbons Group plc

Michael Hall, Chief Executive +44 (0) 1534 766711

Donal Duff, Chief Finance Officer

Peel Hunt LLP, NOMAD/Broker

   Dan Webster/Adrian Trimmings/George Sellar                            +44 (0) 20 7418 8900

Tavistock

Lulu Bridges/Niall Walsh +44 (0) 20 7920 3150

This information is provided by RNS

The company news service from the London Stock Exchange

END

SPMEAFFDFFEKEFF

(END) Dow Jones Newswires

January 13, 2016 06:12 ET (11:12 GMT)

Stanley Gibbons (LSE:SGI)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Stanley Gibbons Charts.
Stanley Gibbons (LSE:SGI)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Stanley Gibbons Charts.