TIDMPCGE
RNS Number : 9698F
PCG Entertainment plc
26 February 2018
26 February 2018
PCG Entertainment Plc
("PCGE", the "Company" or the "Group")
PCG Entertainment Plc / Index: AIM / Epic: PCGE
Admission to the NEX Exchange Growth Market
PCG Entertainment Plc (AIM: PCGE; NEX: PCGE) is pleased to
announce that it has applied for admission to trading of its entire
issued share capital consisting of 1,042,488,102 fully paid
ordinary shares of 0. 1 pence each ("Ordinary Shares"), on the NEX
Exchange Growth Market ("NEX"), with effect from 8.00am 5 March
2018 ("Admission").
Company Information
PCGE is a trading and media distribution company which develops
and capitalises on media and other technology opportunities in
China and across the Asia-Pacific region - one of the most dynamic
growth sectors in the world.
The Company still has several licences for operating games and
other media content in the potentially lucrative market of China
and it is seeking to exploit these opportunities, as well as a
gambling licence from the Kahnawake Gaming Commission of the Mohawk
Council of the Kahnawake Nation, which was recently renewed.
The Company was admitted to trading on AIM on 4 December 2014. A
copy of its admission documents dated 28 November 2014 and 11
August 2015 can be accessed on its website, www.pcge.com. This
website where items can be inspected under Rule 75 of the NEX Rules
for Issuers.
The Ordinary Shares will remain admitted to trading on AIM
following Admission. The Company's Ordinary Shares are eligible for
CREST Settlement by way of depository interests. The Company is not
subject to the UK City Code on Takeovers and Mergers, and Gibraltar
does not have a similar code. The Company holds no Ordinary Shares
in treasury.
Details of the Directors
Richard O'Dell Poulden, Chairman
Following a law degree from Oxford University, Mr. Poulden
qualified as a Barrister, after which he moved into merchant
banking where he worked for Samuel Montagu & Co Limited.
Following an MBA at the London Business School and an exchange
program with Harvard Business School, he joined the international
management consultancy firm, Arthur D Little, where he worked in
their European strategy practice. He was also co-founder of its
Financial Industries Group. He served in the UK Leadership Team of
Electronic Data Systems where he worked on developing new financial
structures for the sale of Electronic Data Systems services. He has
founded or co-founded successful companies in healthcare, retail
and natural resources and in all these sectors he has executed
successful strategies for growth by acquisition. Mr Poulden is
Chairman of AIM traded Wishbone Gold PLC and Chairman of Black Swan
plc.
Professor Michael Raymond Mainelli, Non-Executive Director
Professor Mainelli co-founded Z/Yen Group Limited ("Z/Yen"), a
commercial think-tank, in 1994 to promote societal advance through
better finance and technology. In his career he has worked in
rocket science, finance, and technology. Professor Mainelli has
worked on the internet since 1976 with numerous early stage
technologies, such as developing games for clients, e.g. Sony, as
well as for Z/Yen. Professor Mainelli won a 1996 Foresight
Challenge award for creating the Financial Laboratory, melding
military gaming with trading to visualise financial risk, and a
2003 UK Smart Award for PropheZy, Z/Yen's prediction software.
Professor Mainelli has been a commentator on the fusion of betting,
gaming and finance over the years, including work on weather bets
and sports contingency risk. After a post at Arthur Andersen,
Professor Mainelli spent seven years as a partner and board member
of the leading accountancy firm, BDO Binder Hamlyn, directing
global consulting projects. While cofounding Z/Yen, Professor
Mainelli served as a Director of Europe's largest R&D
organisation (the Defence Evaluation & Research Agency) leading
to two privatisations. Educated at Harvard, Trinity College Dublin
and the London School of Economics, Professor Mainelli is a
qualified accountant, securities professional, computer specialist
and management consultant, he was 2004/2005 British Computer
Society "Director of the Year". In 2005, he was the Mercers' School
Memorial Professor of Commerce at Gresham College. Professor
Mainelli is a non-executive director of the United Kingdom
Accreditation Service (UK's national body for standards and
laboratories) and AIM traded Wishbone Gold plc and has held
numerous advisory posts, including Hitachi UK and HM Treasury.
Alan David Gravett, Non-Executive Director
Mr Gravett commenced employment with Barclays Bank Trust Company
Limited, (then Barclays Bank Executor and Trustee Department), in
1965 achieving the Trustee Diploma of the Institute of Bankers in
1973. By 1986 he had become manager of their Gibraltar operation,
dealing with the administration of companies and trusts, leaving in
1988 and remaining in Gibraltar to join a large local trust
corporation. In 1993 he became an executive director of a smaller
local trust corporation and remained there for 18 years leaving
when the trust corporation was sold. He is now a freelance
consultant based in Gibraltar but continues to be closely involved
with company and trust structures for a wide range of international
clients.
Robert ("Bob") McDowall, Non-Executive Director
Bob has over forty years' experience in the banking, securities
and investment business, with companies including Merrill Lynch,
Pru-Bache and Singer and Friedlander. His experience covers
strategic planning, research, marketing, business development,
operations, regulation, finance and public affairs. He also holds a
law degree from University College London. He was an elected member
of the States of Alderney from 2013 until 2016, where he served as
Chairman of the Policy & Finance Committee, the senior
Governing Committee, and served on the UK Parliamentary Cross-Party
Committee on the Channel Islands.
Sector Classification
Travel and Leisure
Registered Office and Principal Place of Business
Registered office
G1 Haven Court
5 Library Ramp
Gibraltar
Principal place of business:
PO Box 38032
Dubai
United Arab Emirates
Telephone: +971 4343 5134
Corporate Adviser and Contact Details
Allenby Capital Limited
5 St. Helen's Place
London EC3A 6AB
Tel: 020 3328 5656
Nick Harriss - n.harriss@allenbycapital.com
Nick Naylor - n.naylor@allenbycapital.com
Shareholder Information
The percentage of Ordinary Shares not in public hands is
9.2%.
Name of Shareholder Number of Percentage
Ordinary of enlarged
Shares Held issued share
capital
Barclays Direct Investing
Nominees Limited 87,569,751 8.94%
Beaufort Nominees
Limited 36,836,581 3.76%
HSDL Nominees Limited 75,368,779 7.69%
Hargreaves Lansdown
Nominees Limited 109,932,100 11.22%
Interactive Investor
Services Nominees 110,195,015 11.24%
JIM Nominees Limited 136,275,208 13.91%
Lawshare Nominees
Limited 32,901,156 3.36%
Peel Hunt Holdings
Limited 31,489,057 3.21%
SVS Nominees Limited 173,969,088 17.75%
Director Number of Percentage
Ordinary of Enlarged
Shares Held Share Capital
Richard Poulden(1) 89,956,405 9.18%
Michael Mainelli(2) 50,000 0.01%
Alan Gravett(3) 20,000 0.002%
Notes:
1. Richard Poulden is deemed to be interested in the Ordinary
Shares (or depositary interests in respect thereof) referred to
above as follows (all of such Ordinary Shares, registered via DIs,
in the name of Ashton Nominees Inc other than the 65,500,000
Ordinary Shares registered in the name of Black Swan Group as
referred to below):
a) 3,000,000 Ordinary Shares belong to Black Swan Plc of which Richard Poulden is the chairman;
b) 62,500,000 Ordinary Shares belong to Black Swan FZE, which is
a wholly owned subsidiary of Black Swan Plc;
c) 3,000,000 Ordinary Shares belong to Richard Poulden's wife and infant children;
d) 19,456,405 Ordinary Shares belong to the Malvern Trust, a
trust in respect of which Richard Poulden's family can be
beneficiaries; and
e) 2,000,000 Ordinary Shares belong to the John Edward Poulden
Settlement Trust, a trust for the benefit of Richard Poulden's
children.
2. 50,000 Ordinary Shares are held by Hawksford Jersey Limited.
These shares are held for The Z/Yen Employee Benefits Trust.
Michael Mainelli is a director of Z/Yen Group Limited and a
potential beneficiary of The Z/Yen Employee Benefits Trust.
3. Alan Gravett and his wife, Kim Gravett, jointly legally and
beneficially own 20,000 Ordinary Shares.
Enquiries:
PCG Entertainment PLC
Richard Poulden, Chairman Tel: +44 207 812 0645
Allenby Capital Limited
(Corporate Adviser and Nominated Adviser)
Nick Naylor/Nick Harriss Tel: +44 20 3328 5656
Beaufort Securities Limited
(Broker)
Elliot Hance Tel: +44 20 7382 8300
Damson Communications
(Public Relations)
Abigail Stuart-Menteth/Amelia Hubert Tel: +44 20 7812 0645
This information is provided by RNS
The company news service from the London Stock Exchange
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February 26, 2018 11:31 ET (16:31 GMT)