Sealand Capital Galaxy Limited Issue of Equity (2827G)

TIDMSCGL

RNS Number : 2827G

Sealand Capital Galaxy Limited

25 May 2017

Not for release, publication or distribution, directly or indirectly, in whole or in part in or into the United States or any jurisdiction other than the United Kingdom and the Cayman Islands where to do so would constitute a contravention of the relevant laws or regulations of such jurisdiction. This announcement (and the information contained herein) does not contain or constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation or sale would constitute a contravention of the relevant laws or regulations of such jurisdiction.

25 May 2017

SEALAND CAPITAL GALAXY LIMITED (LSE: SCGL)

("Sealand", "SCGL" or "the Company")

Admission of Bonus Shares and amendment of Record Date

Following the passing of the resolutions proposed at the AGM, the Company confirms the issue, subject to admission, of 423,000,000 Ordinary Shares to shareholders on the basis of nine Bonus Shares for every one Existing Ordinary Share held at 5 pm on 31 May 2017 - this is an amendment to the previously stated record date of 25 May 2017.

Such Bonus Shares have the same rights and are subject to the same restrictions as the Existing Ordinary Shares in issue prior to the Bonus Issue.

Admission and dealings in the Bonus Shares is expected to commence on 1 June 2017.

CREST Shareholders' accounts will be credited with the new Ordinary Shares to which they are entitled under the Bonus Issue on 1 June 2017.

New share certificates are expected to be dispatched to those Shareholders who held their Existing Ordinary Shares in certificated form, shortly after admission.

The expected timetable for the Bonus Issue

 
 Record date for Bonus Issue                   5 pm 31 
                                                May 2017 
--------------------------------------------  ---------- 
 Admission effective and dealings              1 June 
  in Bonus Shares expected to commence          2017 
  on 
--------------------------------------------  ---------- 
 Despatch of definitive share certificates     8 June 
  in respect of Bonus Shares in certificated    2017 
  form 
--------------------------------------------  ---------- 
 

Enquiries:

Nicholas Lyth: 07769906686

Notes to Editors:

-- Sealand Capital Galaxy Limited (LSE: SCGL) is engaged in the investment and acquisition of IT and social media businesses in the APAC region with high growth potential.

   --               Further information on Sealand is available on its website http://www.scg-ltd.com/ 

Disclaimer

This announcement contains certain forward-looking statements. These statements are made by the Company's directors in good faith based on the information available to them up to the time of their approval of this announcement but such statements should be treated with caution due to inherent uncertainties, including both economic and business factors, underlying such forward-looking information. This announcement has been prepared solely to provide additional information to shareholders to assess the Group's strategies and the potential for those strategies to succeed. This announcement should not be relied on by any other party or for any other purpose.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 25, 2017 11:27 ET (15:27 GMT)