Sealand Capital Galaxy Limited Issue of Equity (2827G)
May 25 2017 - 10:58AM
UK Regulatory
TIDMSCGL
RNS Number : 2827G
Sealand Capital Galaxy Limited
25 May 2017
Not for release, publication or distribution, directly or
indirectly, in whole or in part in or into the United States or any
jurisdiction other than the United Kingdom and the Cayman Islands
where to do so would constitute a contravention of the relevant
laws or regulations of such jurisdiction. This announcement (and
the information contained herein) does not contain or constitute an
offer to sell or the solicitation of an offer to purchase, nor
shall there be any sale of securities in any jurisdiction where
such offer, solicitation or sale would constitute a contravention
of the relevant laws or regulations of such jurisdiction.
25 May 2017
SEALAND CAPITAL GALAXY LIMITED (LSE: SCGL)
("Sealand", "SCGL" or "the Company")
Admission of Bonus Shares and amendment of Record Date
Following the passing of the resolutions proposed at the AGM,
the Company confirms the issue, subject to admission, of
423,000,000 Ordinary Shares to shareholders on the basis of nine
Bonus Shares for every one Existing Ordinary Share held at 5 pm on
31 May 2017 - this is an amendment to the previously stated record
date of 25 May 2017.
Such Bonus Shares have the same rights and are subject to the
same restrictions as the Existing Ordinary Shares in issue prior to
the Bonus Issue.
Admission and dealings in the Bonus Shares is expected to
commence on 1 June 2017.
CREST Shareholders' accounts will be credited with the new
Ordinary Shares to which they are entitled under the Bonus Issue on
1 June 2017.
New share certificates are expected to be dispatched to those
Shareholders who held their Existing Ordinary Shares in
certificated form, shortly after admission.
The expected timetable for the Bonus Issue
Record date for Bonus Issue 5 pm 31
May 2017
-------------------------------------------- ----------
Admission effective and dealings 1 June
in Bonus Shares expected to commence 2017
on
-------------------------------------------- ----------
Despatch of definitive share certificates 8 June
in respect of Bonus Shares in certificated 2017
form
-------------------------------------------- ----------
Enquiries:
Nicholas Lyth: 07769906686
Notes to Editors:
-- Sealand Capital Galaxy Limited (LSE: SCGL) is engaged in the
investment and acquisition of IT and social media businesses in the
APAC region with high growth potential.
-- Further information on Sealand is available on its website http://www.scg-ltd.com/
Disclaimer
This announcement contains certain forward-looking statements.
These statements are made by the Company's directors in good faith
based on the information available to them up to the time of their
approval of this announcement but such statements should be treated
with caution due to inherent uncertainties, including both economic
and business factors, underlying such forward-looking information.
This announcement has been prepared solely to provide additional
information to shareholders to assess the Group's strategies and
the potential for those strategies to succeed. This announcement
should not be relied on by any other party or for any other
purpose.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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