Regulatory Story
Go to market news section View chart   Print
RNS
Stanley Gibbons Group PLC  -  SGI   

Share price movement

Released 11:12 13-Jan-2016

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
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Share price movement - RNS