RNS Number : 5625C
VSA Capital Group PLC
09 February 2024
 

 

09 February 2024

VSA Capital Group plc

 

("VSA" or the "Company")

 

Corporate update

 

VSA Capital Ltd ("VSA") and Andrew Gerrie and Alison Hawksley (the "Attempted Transferors") jointly announce that they have settled their legal dispute relating to the 2,282,127 ordinary shares in Silverwood Brands PLC ("Silverwood") that had been transferred by the Attempted Transferors to VSA (the "VSA Consideration Shares"). 

 

VSA confirms that pursuant to the settlement it has returned the VSA Consideration Shares to Andrew Gerrie, and VSA has agreed to cooperate with the Attempted Transferors' objective of achieving, with the approval of Silverwood, an "unwind transaction" which is intended to achieve the cancellation of the Consideration Shares (including the VSA Consideration Shares). 

 

The parties are pleased to have been able to resolve their dispute and VSA withdraws its earlier criticisms of the Attempted Transferors' claim seeking the return of the VSA Consideration Shares. None of the parties makes or maintains any allegations against the other. The Company believes the settlement reached is in the best interest of VSA and its shareholders.

 

For more information, please contact:

 

 VSA Capital Group plc

+44(0)20 3005 5000

Andrew Monk, CEO

Andrew Raca, Head of Corporate Finance

Marcia Manarin, Finance Director

 


 


Alfred Henry - AQSE Corporate Adviser

+44 (0)20 3772 0021

Nick Michaels & Maya Klein Wassink 

 

www.alfredhenry.com  

 

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