Significant shareholder's conditional agreement

RNS Number : 3675V
600 Group PLC
27 January 2017
 

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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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