Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Directors Deals Ltd.
$12.00
Provider: Peel Hunt
$69.00

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The Stanley Gibbons Group PLC Acquires Noble Investments (UK) plc


Thursday, 21 Nov 2013 02:00am EST 

The Stanley Gibbons Group PLC announced that the agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Noble Investments (UK) plc by Stanley Gibbons (the "Acquisition") to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme") has now become effective. The admission to trading on AIM of the Noble Shares was canceled with effect from 8.00 am on November 21, 2013. Under the terms of the Acquisition, Noble Shareholders are entitled to receive 192.5 pence in cash and 0.21186 Stanley Gibbons Shares for each Scheme Share. The cash element of the consideration is being funded by a fully underwritten placing by Peel Hunt on behalf of Stanley Gibbons. The conditions of the placing to raise approximately GBP 40.0m (GBP 38.1m net of expenses) have now been satisfied. Pursuant to the Scheme, 3,758,878 New Stanley Gibbons Shares (the "Consideration Shares") will be issued to Noble Shareholders to satisfy the share element of the consideration. Application has therefore been made to the London Stock Exchange for the Placing Shares and the Consideration Shares to be admitted to trading on AIM, total ling 17,318,200 new Stanley Gibbons Shares. It anticipated that the dealings in the Placing Shares and the Consideration Shares will commence at 8.00 a.m. on November 22, 2013. 

Company Quote

295.5
0.0 +0.00%
19 Dec 2014