27 Jan 2017 14:45
27January 2017
The 600 Group Plc
("The Company")
Significant shareholder's conditional agreement
The Board announces that it has received notification from Haddeo Partners LLP (Paul Dupee, Executive Chairman of the Company is Managing Partner of Haddeo Partners LLP) that it has entered into a conditional agreement (the "Agreement") granting an option to sell at a premium to the prevailing share price Haddeo's total shareholding, amounting to 23,492,535 ordinary shares equating to 22.51% of the issued share capital of the Company, to Disruptive Capital Investments II Limited. The agreement is conditional upon, amongst other things,certain regulatory approvals and the approval of the Company.
Disruptive Capital have stated they have no present intention of making an offer for the Company.
In the Board's opinion, there can be no guarantee that the conditions in the Agreement can or will be satisfied, nor that the Company will consent to any sale of shares.
Further announcements will be made in due course.
Enquiries: | |
The 600 Group PLC | Tel: 01924 415000 |
Paul Dupee, Executive Chairman | |
Neil Carrick, Finance Director | |
Spark Advisory Partners Limited (NOMAD) | Tel: 020 3368 3553 |
Matt Davis/ Miriam Greenwood | |
Cadogan PR Limited (Financial PR) | Tel: 020 7499 5002 / 07771 713608 |
Alex Walters | |
FinnCap (Broker) | Tel: 020 7600 1658 |
Tony Quirke/Mia Gardiner (Sales/Broking) |
More information on the Group can be viewed at: www.600group.com
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.