Pcg Entertainment Plc Regulatory News (PCGE)

26 August 2015

PCG Entertainment PLC

("PCGE", the "Company" or the "Group")

PCG Entertainment Plc / Index: AIM / Epic: PCGE 

Result of General Meeting

Completion of Reverse Takeover of CPDC

Issue of Equity

Further to its announcement on 11 August 2015, PCG Entertainment PLC (AIM: PCGE), the AIM listed Asia-Pacific online gaming and associated media company announces that at the General Meeting held earlier today, the resolution put to Shareholders was duly passed. Accordingly, the Company has now completed the acquisition of the issued share capital of Center Point Development Corporation.

The 114,811,491 ordinary shares of 0.1p each in the Company ("Ordinary Shares") to be issued to the vendors of CPDC (the "Initial Consideration Shares") will be admitted to trading on 28 August 2015, as well as the 3,145,642 Ordinary Shares to be issued to Kolarmy Technology Inc. in respect of the conversion of $300,000 of a loan note (the "Kolarmy Conversion Shares") and 333,333 Ordinary Shares payable to damson pr in consideration for public relations services to the Company (the "Damson Shares"). Further details on these issues can be found in the Group's admission document available from the Company's website www.pcge.com.

The Initial Consideration Shares, the Kolarmy Conversion Shares and the Damson Shares will represent approximately 10.0 per cent. of the enlarged share capital of the Company. Following admission of the Initial Consideration Shares, the Kolarmy Conversion Shares and the Damson Shares to trading on AIM, the Company will have a total issued share capital of 1,180,438,344 Ordinary Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

CEO Nick Bryant said:

"Although previously announced, this completes the formal acquisition process of CPDC which should be transformative for the group."

The ISIN and SEDOL of the Group will remain unchanged, being:

ISIN:GI000A1171Y8

SEDOL: BT6SSB7

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