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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Croma Security Solutions Group Plc | LSE:CSSG | London | Ordinary Share | GB00B5MJV178 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 68.00 | 65.00 | 71.00 | 68.00 | 68.00 | 68.00 | 5,000 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Srch,det,nav,guid,aero Sys | 42.83M | 3.7M | 0.2695 | 2.52 | 9.34M |
TIDMCSSG
RNS Number : 5426E
Croma Security Solutions Group PLC
30 June 2023
Croma Security Solutions Group Plc
("CSSG", "Croma", "the "Company" or the "Group")
Result of General Meeting
Croma Security Solutions Group plc (AIM:CSSG) is pleased to announce that the Resolutions put to Shareholders at the General Meeting held earlier today in connection with the sale of the entire issued share capital of its subsidiary Vigilant Security (Scotland) Limited ("Vigilant"), were duly passed. Accordingly, the Disposal of Vigilant is expected to complete conditional on the Buy-Back being completed in accordance with its terms, which is expected to take place later this afternoon. The results of the voting will be included on the Company's website in due course, www.cssgroupplc.com .
The Buyer (at its sole discretion) has confirmed that it will be issuing the Redeemable Share as part of the Consideration. As a result, the Consideration will be satisfied as to (i) GBP1,073,314 payable in cash on Completion; (ii) GBP4,126,686 by the issue of the Loan Notes; and (iii) GBP1,300,000 by the issue of the Redeemable Share on Completion. In addition, inter-company balances of GBP1,067,913 owed by Vigilant to the Company will be settled on Completion. Therefore on Completion the Company will receive in aggregate GBP2,141,227 of cash.
This announcement should be read in conjunction with the full text of the Circular posted to Shareholders on 6 June 2023 copies of which are available on the Company's website at www.cssgroupplc.com. Ca pitalised terms in this announcement have the same meaning as given in the Circular.
For further information visit www.cssgroupplc.com or contact:
Croma Security Solutions Group plc Tel: +44 (0)1489 566 166
Roberto Fiorentino, CEO
Teo Andreeva, CFO
WH Ireland Limited Tel: +44 (0)207 220 1666
(Nominated Adviser and Broker)
Mike Coe
Sarah Mather
Novella Tel: +44 (0)203 151 7008
Tim Robertson
Claire de Groot
Safia Colebrook
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
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END
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(END) Dow Jones Newswires
June 30, 2023 04:32 ET (08:32 GMT)
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