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Share price movement

13 Jan 2016 11:12

RNS Number : 7445L
Stanley Gibbons Group PLC
13 January 2016
 

THE STANLEY GIBBONS GROUP PLC

 

 

FOR IMMEDIATE RELEASE 13 January 2016

 

THE STANLEY GIBBONS GROUP PLC ("the Company" or "the Group")

 

Share price movement

 

The Directors note the recent movement in the Company's share price and would like to update on current intentions for funding the business.

 

In response to a number of unsolicited enquiries from shareholders and other investors, the Board is considering a number of fundraising alternatives to reinforce the working capital position prior to the year ended 31 March 2016. However, whilst an equity fundraising is one option potentially available to the Board, the discount to the Group's net asset value at which any such fundraising would likely be priced could make it a relatively unattractive route to alternatives under consideration. The Directors will update the market on the progress of these considerations in due course.

 

 

For further information, contact:

 

The Stanley Gibbons Group plc

Michael Hall, Chief Executive +44 (0) 1534 766711

Donal Duff, Chief Finance Officer

 

Peel Hunt LLP, NOMAD/Broker

Dan Webster/Adrian Trimmings/George Sellar +44 (0) 20 7418 8900

 

Tavistock

Lulu Bridges/Niall Walsh +44 (0) 20 7920 3150

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
SPMEAFFDFFEKEFF
Date   Source Headline
15th Mar 200711:46 amRNSDirector/PDMR Shareholding
9th Mar 20077:01 amRNSFinal Results
6th Mar 20072:33 pmRNSHolding(s) in Company
7th Aug 20063:15 pmRNSAdditional Listing
2nd Aug 200610:26 amRNSHolding(s) in Company
27th Jul 20067:01 amRNSInterim Results
3rd Jul 20064:16 pmRNSHolding(s) in Company
29th Jun 200612:35 pmRNSHolding(s) in Company
20th Jun 20063:10 pmRNSHolding(s) in Company
15th Jun 200611:23 amRNSHolding(s) in Company
26th May 200612:06 pmRNSHolding(s) in Company
10th May 20066:18 pmRNSResponse to price movement
9th May 20063:16 pmRNSHolding(s) in Company
2nd May 20063:06 pmRNSHolding(s) in Company
26th Apr 20061:18 pmRNSAdditional Listing
18th Apr 20063:23 pmRNSDirector/PDMR Shareholding
12th Apr 200611:21 amRNSAGM Statement
30th Mar 20061:05 pmRNSHolding(s) in Company
27th Mar 200612:19 pmRNSHolding(s) in Company
22nd Mar 200610:58 amRNSHolding(s) in Company
16th Mar 20064:35 pmRNSDirector/PDMR Shareholding
10th Mar 20069:37 amRNSHolding(s) in Company
7th Mar 20062:32 pmRNSListing & Dir. Holding
3rd Mar 20069:06 amRNSDirectorate Change
3rd Mar 20067:00 amRNSFinal Results
30th Dec 200511:12 amRNSTrading Statement
25th Nov 200510:06 amRNSRare Stamp Investment Fund
15th Nov 20052:57 pmRNSHolding(s) in Company
24th Oct 20059:27 amRNSHolding(s) in Company
21st Sep 20056:10 pmRNSDirector/PDMR Shareholding
26th Aug 200511:54 amRNSDirector/PDMR Shareholding
5th Aug 200511:24 amRNSHolding(s) in Company
2nd Aug 20052:37 pmRNSFurther Issue/Dir Dealing
29th Jul 20057:00 amRNSInterim Results
27th Jun 200512:16 pmRNSAdditional Listing
15th Jun 20057:00 amRNSRare Stamp Price Index Rise
13th Jun 200512:11 pmRNSHolding(s) in Company
13th May 20057:01 amRNSAcquires Lennon's Stamp Album
9th May 20053:41 pmRNSHolding(s) in Company
6th May 20053:05 pmRNSHolding in Co & Further Issue
13th Apr 20051:16 pmRNSAGM Statement
22nd Mar 20051:44 pmRNSAdditional Listing
9th Mar 200512:48 pmRNSHolding(s) in Company
7th Mar 20054:04 pmRNSDirector Shareholding
4th Mar 20057:00 amRNSFinal Results

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