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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mbl Group Plc | LSE:MUBL | London | Ordinary Share | GB00B0W48T45 | ORD 7.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMUBL
RNS Number : 5574F
MBL Group PLC
29 October 2018
MBL Group plc / Epic: MUBL / Index: AIM
RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
For immediate release
29 October 2018
MBL Group PLC
(the "Company")
Shareholder update
Further to the Company's General Meeting on 5 September 2018 and Annual General Meeting ("AGM") on 12 October 2018, the Company's current strategy remains the return of cash to shareholders. It is also the Board's understanding, from communication it has received recently, that shareholders require this to be dealt with in a transparent and open manner with the Company retaining its AIM listing and its dealings being subject to the scrutiny of the public markets.
As a result of adjournment of the AGM, the Board will now consult further with the Company's substantial shareholders about confirming the support for the Board in implementing that strategy.
The Company's 2018 AGM is intended to be reconvened by 22 November 2018.
As previously announced, following the appointment of administrators to Windsong International Limited on 15 June 2018, MBL became a Rule 15 Cash Shell under Rule 15 of the AIM Rules for Companies from that date. Within six months of becoming an AIM Rule 15 cash shell, the Company must make an acquisition or acquisitions which constitute(s) a reverse takeover under Rule 14 of the AIM Rules for Companies. In the event that the Company does not complete a reverse takeover under AIM Rule 14 within six months of becoming a cash shell, the Exchange will suspend trading in the Company's ordinary shares pursuant to AIM Rule 40 on 17 December 2018.
For further information visit www.mblgroup.co.uk
Contact:
Anton Lane James Reynolds MBL Group plc 01454 777 831 SPARK Advisory Partners Limited (Nominated Mark Brady Adviser) 0113 370 8970
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.
END
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October 29, 2018 08:24 ET (12:24 GMT)
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