Offer received from Stanley Gibbons12 Sep 2013 09:43
The Board of Noble Investments (UK) PLC ("Noble") announces that it has received an approach from The Stanley Gibbons Group PLC ("Stanley Gibbons"), which may or may not lead to an offer from Stanley Gibbons to acquire the entire issued and to be issued share capital of Noble, which would be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006.
There can be no certainty that an offer will be made, however the Board of Noble anticipates that an offer, were it to be made, would be at an offer price of 255 pence per Noble share, of which 192.5 pence would be in cash and 62.5 pence would be in new Stanley Gibbons shares. The Board of Noble has indicated that it is likely to unanimously recommend such an offer, were it to be made.