1 Jul 2019 15:00
1st July 2019
PCG Entertainment Plc("PCGE", the "Company" or the "Group")PCG Entertainment Plc / NEX: PCGE
Update on planned acquisition
Vox Markets and Align Research
The Board of PCGE are pleased to announce that the proposed acquisition of VOX Markets Ltd ("VOX") and Align Research Ltd ("Align") by PCGE, previously announced on 21st March 2019 is progressing well.
The new group will be listed on the NEX Exchange and we have signed a heads of agreement on the proposed terms. It is likely that the proposed transaction will constitute a reverse merger under the NEX rules and the final proposal will be the subject of an EGM and approval by PCGE's shareholders.
Further updates including the proposed EGM date will be announced in the near future.
For more information on PCGE please visit the Company's website, www.pcge.com. Enquiries:
PCG Entertainment PLC
Richard Poulden, Chairman
Tel: +44 207 183 7407
Corporate Adviser - First Sentinel Corporate Finance
Brian Stockbridge
Liza Vasilyeva
Tel: +44 207 183 7407