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CSSG Croma Security Solutions Group Plc

68.00
0.00 (0.00%)
10 Oct 2024 - Closed
Delayed by 15 minutes
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

Croma Security Solutions Group PLC Result of General Meeting (5426E)

30/06/2023 9:32am

UK Regulatory


Croma Security Solutions (LSE:CSSG)
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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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

June 30, 2023 04:32 ET (08:32 GMT)

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