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Issue of Equity

19th Dec 2013 10:44

RNS Number : 9742V
Stanley Gibbons Group PLC
19 December 2013
 

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

Issue of Equity

Noble Investments (UK) plc, the Company's wholly owned subsidiary, has entered into a deed of amendment ("Deed of Amendment") relating to a warranty deed concerning the prior sale and purchase of The Fine Art Auction Group Limited ("TFAAG") by Noble. Under the Deed of Amendment it was agreed that 182,353 new Noble shares, previously withheld from the initial consideration under the warranty deed, be issued to one of the vendors.

Under the Noble articles of association, each new Noble Shares was automatically transferred to the Company in consideration for 192.5 pence in cash and 0.21186 new shares in the Company.

Accordingly, application has been made for 38,633 Ordinary Shares in Stanley Gibbons to be admitted to trading on AIM ("Admission"). These shares will rank pari passu with the existing issued shares of the Company and dealings are expected to commence on Friday 20 December 2013.

Following Admission the Company's total issued share capital will comprise 46,129,860 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/ Matthew Armitt / Richard Brown Tel: +44 (0) 20 7418 8900

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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