Shareholder update and date of reconvened AGM

MBL Group plc / Epic: MUBL / Index: AIM

RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

16 November 2018

MBL Group PLC

(the "Company")

Shareholder update and date of reconvened AGM

On 29 October, the Board announced that it would consult with the Company's substantial shareholders in relation to confirming the support for the Board in implementing its strategy to return cash to shareholders. The Board has attempted to contact shareholders although has received limited communications from shareholders.

This consultation therefore remains ongoing and, In order to complete this process, the Company's 2018 AGM, which the Board had intended to reconvene by 22 November 2018, will now be held on Wednesday 5 December 2018. A revised notice of meeting and form of proxy will be sent to shareholders in the next few days. If shareholders have already submitted proxy forms for the original AGM, these will remain valid for the reconvened meeting.

As previously announced, following the appointment of administrators to Windsong International Limited on 15 June 2018, MBL became a Rule 15 Cash Shell under Rule 15 of the AIM Rules for Companies from that date. Within six months of becoming an AIM Rule 15 cash shell, the Company must make an acquisition or acquisitions which constitute(s) a reverse takeover under Rule 14 of the AIM Rules for Companies. In the event that the Company does not complete a reverse takeover under AIM Rule 14 within six months of becoming a cash shell, the Exchange will suspend trading in the Company's ordinary shares pursuant to AIM Rule 40 on 17 December 2018.

 For further information visit www.mblgroup.co.uk 

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