Nice19 Mar 2019 14:24
The Company is aware that the Investor has granted a third party, Nuuco Media Limited (Nuuco), a company controlled by Mr David Sefton, an option over £585,000 of Notes (Option). The Option grants Nuuco the ability to acquire the outstanding Notes. Should Nuuco exercise the Option, it would have a substantial but less than 30% shareholding in the Company. Should Nuuco (or persons acting in concert with it) acquire further shares or interests in shares (whether in the market or otherwise) taking their aggregate interests above 30%, Nuuco and any persons acting in concert with it would, absent of dispensation to do so being granted by the Panel on Takeover and Mergers