GAME Digital PLC Proposed admission to trading on AIM (4039K)
December 13 2018 - 5:07AM
UK Regulatory
TIDMGMD
RNS Number : 4039K
GAME Digital PLC
13 December 2018
13 December 2018
GAME DIGITAL PLC
Notice of AGM
and
Proposed cancellation of Ordinary Shares from the Official List,
Admission to trading on AIM and Notice of General Meeting
GAME Digital plc ("GAME" or the "Group") announces that later
today it will post to its shareholders ("Shareholders") notice (the
"Notice") of its annual general meeting ("AGM"), which is to be
held at GAME's registered office at Unity House, Telford Road,
Basingstoke, Hampshire, RG21 6YJ on 17 January 2019 at 10:00
a.m.
Furthermore, GAME announces that the board of directors is
proposing to cancel admission of GAME's ordinary shares of GBP0.01
each (the "Ordinary Shares") on the premium segment of the Official
List and from trading on the London Stock Exchange's Main Market
for listed securities ("Cancellation") and apply for the admission
of the Ordinary Shares to trading on AIM ("Admission"). The board
has considered carefully the proposed Cancellation and Admission
and believes that AIM is a more appropriate platform to enable GAME
to deliver value more effectively to all of its stakeholders,
including Shareholders. In addition, GAME is also proposing certain
minor administrative and definitional changes to its articles of
association and to its employee share plans, to make them suitable
for a company whose shares are trading on AIM. A circular to
Shareholders (the "Circular") is expected to be posted later today
containing details of the proposed Cancellation and Admission, as
well as the proposed changes to GAME's articles of association and
employee share plans.
Under the Listing Rules, the Cancellation requires the prior
approval of a resolution of Shareholders (the "Resolution") in
general meeting, passed by not less than 75 per cent. of those
Shareholders who vote in person or by proxy. If approved by
Shareholders, it is anticipated that the effective date of the
Cancellation and Admission will be 15 February 2019, being not less
than 20 business days from the passing of the Resolution.
The Circular contains a notice convening a general meeting (the
"General Meeting"), to be held at GAME's registered office at Unity
House, Telford Road, Basingstoke, Hampshire, RG21 6YJ on 17 January
2019 at 10:15 a.m. (or as soon thereafter as the AGM, which has
been convened for the same day and place, shall have concluded or
been adjourned).
The Notice and the Circular will be made available shortly on
GAME's website at
www.gamedigitalplc.com/investor-relations/shareholder-services/agm.aspx
and will also be submitted to the National Storage Mechanism, where
it will shortly be available to view at
www.morningstar.co.uk/uk/nsm.
Enquiries
+44 (0) 1256
GAME Digital plc 784000
Martyn Gibbs Chief Executive
Officer
Ray Kavanagh Chief Financial
Officer
+44 (0) 20 7638
Citigate Dewe Rogerson 9571
Jos Bieneman
Michael Russell
Expected timetable of principal events(1) (2) (3)
Announcement of the Cancellation and Admission 13 December 2018
Publication and posting of the Circular and the forms of proxy 13 December 2018
Latest time and date for receipt of forms of proxy, online proxy appointments and 10:15 a.m. on 15 January 2019
electronic
proxy appointments via CREST
Voting record time for General Meeting 6:00 p.m. on 15 January 2019
AGM 10:00 a.m. on 17 January 2019
General Meeting 10:15 a.m. on 17 January 2019(4)
Publication of Schedule One announcement 17 January 2019
Last day of dealings in the Ordinary Shares on the Main Market 14 February 2019
Cancellation of listing of the Ordinary Shares on the Official List 8:00 a.m. on 15 February 2019
Admission and commencement of dealings in Ordinary Shares on AIM 8:00 a.m. on 15 February 2019
((1) The times and dates set out above are indicative only and
are subject to change. If any of the above times and/or dates
change, the revised times and/or dates will be notified to
Shareholders via a Regulatory Information Service.
(2) References to times are to London time, unless stated
otherwise.
(3) References to Cancellation and Admission are conditional on
the passing of the Resolution at the General Meeting.
(4) Or as soon thereafter as the AGM, which has been convened
for the same day and place, shall have concluded or been
adjourned.
- Ends -
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
Notes to editors
Listed on the London Stock Exchange in June 2014, GAME Digital
plc is dedicated to delivering an authoritative range of specialist
gaming products and services to the gaming communities of the UK,
Spain and beyond, providing more ways for gamers to enjoy more
games and unique gaming experiences, more often. GAME's UK and
Spanish retail businesses are the market leaders in those
geographical areas, operating a total of over 540 stores across the
two areas, a fully integrated multichannel offer including the
multi-award winning GAME App, and over 4.5 million active customers
across its Reward programmes. GAME is developing its proposition
with the continued expansion of BELONG, the Group's leisure
experience, which brings video-gaming to high streets, shopping
centres and communities nationwide. Through its esports and events
activities the Group is delivering unparalleled consumer gaming
experiences directly, and on behalf of third parties, including its
flagship event, Insomnia, the UK's largest gaming festival. The
Group's visual recognition and augmented reality business, Ads
Reality, is pioneering the use of new technologies to reach gamers
and business partners outside its main markets.
For more information please visit:
www.gamedigitalplc.com, www.game.co.uk, www.game.es,
www.insomniagamingfestival.com or www.adsreality.com
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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