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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Stanley Gibbons Group Plc | LSE:SGI | London | Ordinary Share | GB0009628438 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.60 | 1.50 | 1.70 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMSGI
RNS Number : 0577L
Stanley Gibbons Group PLC
14 July 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014
The Stanley Gibbons Group plc
("Stanley Gibbons", the "Group" or the "Company")
Update on sale of certain assets and liabilities of the Interiors division
On 9 May 2017, the Company announced that agreement had been reached for the sale of a part of the Group's interiors division (comprising certain assets and liabilities of Dreweatts and the intellectual property rights and goodwill in respect of the Mallett and Made by Meta Brands (the "Sale")) to Millicent Holdings Limited ("Millicent").
The Board has now been informed that the funding arrangements of Millicent for payment of the initial GBP2.25 million payable on completion of the Sale have been delayed as a result of a change in the financial backers of Millicent. The Board of Stanley Gibbons is working with Millicent towards completion of the Sale prior to 31 July 2017, the contractual long-stop date for completion of the Sale. A further announcement will be made in due course.
Enquiries:
The Stanley Gibbons Group plc Harry Wilson +44 (0)207 836 Andrew Cook 8444 finnCap Ltd (Nomad and Broker) Stuart Andrews / Christopher Raggett +44 (0)20 7220 / Anthony Adams (corporate finance) 0500 Yellow Jersey PR (Financial PR) +44 (0)7747 Charles Goodwin 788 221
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISEAAXDFSXXEAF
(END) Dow Jones Newswires
July 14, 2017 02:30 ET (06:30 GMT)
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