Napster Group PLC Update on Disposal and De-listing timetable (7296Z)

TIDMNAPS

RNS Number : 7296Z

Napster Group PLC

26 January 2022

NAPSTER GROUP PLC

("NAPS" or the "Company")

Update on Disposal and De-listing timetable

Napster (AIM:NAPS), a leading music company and operator of the MelodyVR and Napster platforms, is pleased to announce the outstanding dates with respect to the Share Consolidation, the last day of dealings in the Company's ordinary shares and completion for the Disposal are as follows:

 
 Record date in respect of the Share Consolidation    5.00 p.m. on 26 January 
                                                                         2022 
                                                    ------------------------- 
 Expected date and time that the Share                8.00 a.m. on 27 January 
  Consolidation will become effective                                    2022 
                                                    ------------------------- 
 Record date and time in respect of the               6.00 p.m. on 27 January 
  Disposal                                                               2022 
                                                    ------------------------- 
 Expected date and time for completion               11.59 p.m. on 27 January 
  of the Disposal                                                        2022 
                                                    ------------------------- 
 Earliest date of De-Listing / cancellation             With effect from 7.00 
  of admission of New Ordinary Shares from                 a.m. on 28 January 
  AIM                                                                    2022 
                                                    ------------------------- 
 

1) If any of the above times and/or dates change, the revised times and/or dates will be noti ed to Shareholders through a Regulatory Information Service.

2) All references to time in this announcement are to London time, unless otherwise stated.

The ISIN and SEDOL Code for the new Ordinary Shares to be issued pursuant to the share consolidation are as follows:

 
 ISIN code for the New Ordinary Shares issued    GB00BN326503 
  pursuant to the Share Consolidation 
 SEDOL code for the New Ordinary Shares issued       BN326503 
  pursuant to the Share Consolidation 
 

Following the Share Consolidation, the total number of Ordinary Shares in issue will be 4,558,984. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

 
Napster Group PLC                                [e-mail] 
 Anthony Matchett, Group CEO 
finnCap Ltd ( Nominated Adviser and Broker)      Tel: [phone] 
 Corporate Finance: Marc Milmo, James Thompson,   0500 
 Milesh Hindocha 
 ECM: Tim Redfern, Sunila de Silva 
 

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January 26, 2022 06:45 ET (11:45 GMT)