PCG Entertainment plc Update to the Market (7026P)
14 Octubre 2019 - 1:00AM
UK Regulatory
TIDMPCGE
RNS Number : 7026P
PCG Entertainment plc
14 October 2019
14(th) October 2019
PCG Entertainment Plc
("PCGE", the "Company" or the "Group")
PCG Entertainment Plc / NEX: PCGE
Update to the Market
Following the cessation of discussions with VOX Markets Limited
("VOX") and Align Research Limited ("Align"), the Directors are
considering the future of PCGE and the options available to it.
After carefully considering how to maximize benefit to
shareholders PCGE has agreed with VOX preferential rights for PCGE
Shareholders to participate in the VOX IPO. These rights will be
available to shareholders on the register at the close of business
on 11(th) October 2019. As consideration for these rights and the
payment of GBP1 PCGE has released any and all claims that it may
have against VOX for withdrawing from the transaction. PCGE has
also assigned to VOX all rights to sue Align Research Limited for
withdrawing from the transaction with PCGE.
PCGE shareholders on the register as at close of business on
Friday 11 October will receive correspondence from VOX in due
course.
Professor Michael Mainelli has resigned from the board of PCGE
due to a substantial increase in his commitments elsewhere. The
board are grateful for his service and contribution to the
Company.
Additionally, First Sentinel Corporate Finance has resigned as
Corporate Adviser to the Company. Accordingly, the Directors have
requested that the shares in PCGE be suspended from trading on NEX
Exchange immediately. Further announcements will be made by the
Company in due course.
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
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(END) Dow Jones Newswires
October 14, 2019 02:00 ET (06:00 GMT)