PCG Entertainment plc Update to the Market

Data : 14/10/2019 @ 08:00
Fonte : UK Regulatory (RNS & others)
Titolo : Pcg Entertainment Plc (PCGE)
Quotazione : 0.05  0.0 (0.00%) @ 01:00
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PCG Entertainment plc Update to the Market

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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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

October 14, 2019 02:00 ET (06:00 GMT)

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