Stanley Gibbons Group PLC Result of EGM and Completion of Transaction (0107I)
March 16 2018 - 8:00AM
UK Regulatory
TIDMSGI
RNS Number : 0107I
Stanley Gibbons Group PLC
16 March 2018
THE STANLEY GIBBONS GROUP PLC
(the "Company")
Result of Extraordinary General Meeting and Completion of
Proposed Transaction
Resolutions relating to the Subscription
The Company announces that at the Extraordinary General Meeting
held earlier today, all Resolutions were duly passed.
All of the conditions to completion of the Subscription Letter
save for those relating to the termination of the Subscription
Letter, completion of the Escrow and Framework Agreement and
Admission, have now been satisfied or waived.
Admission
Application has been made to the London Stock Exchange for the
Subscription Shares to be admitted to trading on AIM. It is
expected that Admission will become effective and that dealings
will commence in such shares at 8:00 a.m. on 19 March 2018.
Completion of the Proposed Transaction
Provided that the Subscription Letter and the Escrow and
Framework Agreement are not terminated in accordance with their
terms prior to Admission, under the terms of the Subscription
Letter and the Escrow and Framework Agreement, completion of the
Subscription, the Debt Restructuring and the Acquisition will occur
simultaneously with Admission.
Change in Directors
As previously announced, on and with effect from Admission,
Henry Turcan will cease to be a director of the Company and Graham
Elliott Shircore will be appointed as a non-executive director of
the Company.
Mr Graham Elliott Shircore, aged 36, has not been a director of
any companies during the five years preceding the date of this
announcement.
At the date of this announcement, Mr Graham Elliott Shircore
does not have any beneficial interest in the ordinary shares of the
Company. Following Admission, Phoenix UK Fund, a company managed by
PAMP as investment manager (of which Mr Graham Elliott Shircore is
an employee), will hold ordinary shares in the Company,
representing approximately 58.09 per cent. of the Company's issued
share capital.
Save for the disclosures above, there are no further disclosures
to be made in accordance with Rule 17 and Schedule 2(g) of the AIM
Rules.
Total voting rights
Following Admission, the Company will have 426,916,643 Ordinary
Shares in issue. There are no shares held in treasury. The total
voting rights in the Company will therefore be 426,916,643 and
Shareholders may use this figure as the denominator by which they
are required to notify their interest in, or change to their
interest in, the Company under the FCA's Disclosure, Guidance and
Transparency Rules.
Capitalised terms used in this announcement shall have the
meaning given in the Company's announcement of 23 February 2018,
unless otherwise defined.
Enquiries:
The Stanley Gibbons Group plc
Harry Wilson +44 (0)207 836
Andrew Cook 8444
finnCap Ltd (Nomad and Broker)
Stuart Andrews / Christopher
Raggett / Anthony Adams (corporate +44 (0)20 7220
finance) 0500
Yellow Jersey PR (Financial +44 (0)7747 788
PR) 221
Charles Goodwin stanleygibbons@yellowjerseypr.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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