13 Dec 2018 11:07
13 December 2018
GAME DIGITAL PLC
Notice of AGM
and
Proposed cancellation of Ordinary Shares from the Official List, Admission to trading on AIM and Notice of General Meeting
GAME Digital plc ("GAME" or the "Group") announces that later today it will post to its shareholders ("Shareholders") notice (the "Notice") of its annual general meeting ("AGM"), which is to be held at GAME's registered office at Unity House, Telford Road, Basingstoke, Hampshire, RG21 6YJ on 17 January 2019 at 10:00 a.m.
Furthermore, GAME announces that the board of directors is proposing to cancel admission of GAME's ordinary shares of £0.01 each (the "Ordinary Shares") on the premium segment of the Official List and from trading on the London Stock Exchange's Main Market for listed securities ("Cancellation") and apply for the admission of the Ordinary Shares to trading on AIM ("Admission"). The board has considered carefully the proposed Cancellation and Admission and believes that AIM is a more appropriate platform to enable GAME to deliver value more effectively to all of its stakeholders, including Shareholders. In addition, GAME is also proposing certain minor administrative and definitional changes to its articles of association and to its employee share plans, to make them suitable for a company whose shares are trading on AIM. A circular to Shareholders (the "Circular") is expected to be posted later today containing details of the proposed Cancellation and Admission, as well as the proposed changes to GAME's articles of association and employee share plans.
Under the Listing Rules, the Cancellation requires the prior approval of a resolution of Shareholders (the "Resolution") in general meeting, passed by not less than 75 per cent. of those Shareholders who vote in person or by proxy. If approved by Shareholders, it is anticipated that the effective date of the Cancellation and Admission will be 15 February 2019, being not less than 20 business days from the passing of the Resolution.
The Circular contains a notice convening a general meeting (the "General Meeting"), to be held at GAME's registered office at Unity House, Telford Road, Basingstoke, Hampshire, RG21 6YJ on 17 January 2019 at 10:15 a.m. (or as soon thereafter as the AGM, which has been convened for the same day and place, shall have concluded or been adjourned).
The Notice and the Circular will be made available shortly on GAME's website at www.gamedigitalplc.com/investor-relations/shareholder-services/agm.aspx and will also be submitted to the National Storage Mechanism, where it will shortly be available to view at www.morningstar.co.uk/uk/nsm.
Enquiries
GAME Digital plc | +44 (0) 1256 784000 |
Martyn Gibbs | Chief Executive Officer |
Ray Kavanagh | Chief Financial Officer |
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Citigate Dewe Rogerson | +44 (0) 20 7638 9571 |
Jos Bieneman | |
Michael Russell | |
Expected timetable of principal events(1) (2) (3)
Announcement of the Cancellation and Admission | 13 December 2018 |
Publication and posting of the Circular and the forms of proxy | 13 December 2018 |
Latest time and date for receipt of forms of proxy, online proxy appointments and electronic proxy appointments via CREST | 10:15 a.m. on 15 January 2019 |
Voting record time for General Meeting | 6:00 p.m. on 15 January 2019 |
AGM | 10:00 a.m. on 17 January 2019 |
General Meeting | 10:15 a.m. on 17 January 2019(4) |
Publication of Schedule One announcement | 17 January 2019 |
Last day of dealings in the Ordinary Shares on the Main Market | 14 February 2019 |
Cancellation of listing of the Ordinary Shares on the Official List | 8:00 a.m. on 15 February 2019 |
Admission and commencement of dealings in Ordinary Shares on AIM | 8:00 a.m. on 15 February 2019 |
(1) The times and dates set out above are indicative only and are subject to change. If any of the above times and/or dates change, the revised times and/or dates will be notified to Shareholders via a Regulatory Information Service.
(2) References to times are to London time, unless stated otherwise.
(3) References to Cancellation and Admission are conditional on the passing of the Resolution at the General Meeting.
(4) Or as soon thereafter as the AGM, which has been convened for the same day and place, shall have concluded or been adjourned.
- Ends -
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
Notes to editors
Listed on the London Stock Exchange in June 2014, GAME Digital plc is dedicated to delivering an authoritative range of specialist gaming products and services to the gaming communities of the UK, Spain and beyond, providing more ways for gamers to enjoy more games and unique gaming experiences, more often. GAME's UK and Spanish retail businesses are the market leaders in those geographical areas, operating a total of over 540 stores across the two areas, a fully integrated multichannel offer including the multi-award winning GAME App, and over 4.5 million active customers across its Reward programmes. GAME is developing its proposition with the continued expansion of BELONG, the Group's leisure experience, which brings video-gaming to high streets, shopping centres and communities nationwide. Through its esports and events activities the Group is delivering unparalleled consumer gaming experiences directly, and on behalf of third parties, including its flagship event, Insomnia, the UK's largest gaming festival. The Group's visual recognition and augmented reality business, Ads Reality, is pioneering the use of new technologies to reach gamers and business partners outside its main markets.
For more information please visit:
www.gamedigitalplc.com, www.game.co.uk, www.game.es, www.insomniagamingfestival.com or www.adsreality.com