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Stanley Gibbons Group PLC  -  SGI   

Share price movement

Released 11:12 13-Jan-2016

RNS Number : 7445L
Stanley Gibbons Group PLC
13 January 2016




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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Share price movement - RNS