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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
Lulu Bridges/Niall Walsh +44 (0) 20 7920 3150
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