3rd Aug 2017 13:41
3 August 2017
Work Group Plc
("Work Group" or the "Company")
Result of General Meeting; acquisition of Gordon Dadds Group Limited ("Gordon Dadds") and £20 million placing
Work Group Plc, is pleased to announce that at the General Meeting held earlier today all resolutions were duly passed. Accordingly, the acquisition of Gordon Dadds and the placing to raise gross proceeds of £20 million are now only conditional on the Offer being declared unconditional in all respects (the first closing time of the Offer is 5.00 p.m. today) and admission of the enlarged share capital to trading on AIM ("Admission"), which is expected to take place tomorrow, 4 August 2017, as well as satisfaction of the outstanding conditions set out in the Offer Document and the Placing Agreement, which are expected to be satisfied on or before Admission.
A further announcement about the Offer and acceptances of it will be made as soon as possible after 5.00 p.m. today, which is the time of first closing of the Offer.
The same definitions apply throughout this announcement as set out in the admission document and offer document published by the Company on 13 July 2017, unless the context requires otherwise.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Work Group plc Simon Howard, Chief Executive | Via Newgate |
Allenby Capital Ltd, Financial Adviser to Work Group Jeremy Porter / James Thomas | +44 (0)20 3328 5656 |
Arden Partners, Nominated Adviser and Broker to Work Group John Llewellyn-Lloyd / Ciaran Walsh | +44 (0)20 7614 5900 |
Gordon Dadds Adrian Biles, Managing Director | +44 (0)20 7759 1559 |
Cairn Financial Advisers, Rule 3 Adviser to Gordon Dadds Sandy Jamieson / Liam Murray | +44 (0)20 7213 0880 |
Newgate Communications, PR Adviser to Gordon Dadds Adam Lloyd / Lydia Thompson / James Ash
| +44 (0)20 7680 6550 |
A copy of this announcement is available on the Company's website at www.workgroupplc.com
Related Shares:
INCE.L