TIDMSGI

RNS Number : 3330L

Stanley Gibbons Group PLC

21 December 2018

21 December 2018

THE STANLEY GIBBONS GROUP PLC

(the "Company" or the "Group")

New Loan Facility

The Stanley Gibbons Group Plc today announces that Phoenix S.G. Limited ("Phoenix SG"), a wholly owned subsidiary of Phoenix UK Fund Limited and the Company's majority shareholder, has provided an additional secured loan facility of GBP5.0 million to the Company (the "Loan"). The Loan has been agreed on the same terms as those entered into in the Debt Facility Restatement Agreement on 19 March 2018, namely that interest will accrue at a rate of 5.0 per cent. per annum but will not be payable as to principal and interest until 20 March 2023.

The Loan will be drawn down in equal tranches of GBP1.0 million over the term of the Loan and will be used to provide ongoing support to deliver the Group's sustainable growth strategy.

Related Party Transaction

Phoenix SG is currently interested in 58.09 per cent. of the issued share capital of the Company and the provision of the Loan constitutes a transaction with a related party for the purposes of the AIM Rules. The Directors of the Company (excluding Graham Shircore who is the CEO of the Company and an appointee of Phoenix SG) consider, having consulted with finnCap Limited, that the terms of the transaction and associated documentation are fair and reasonable so far as the Company's shareholders are concerned.

For further information, contact:

 
 The Stanley Gibbons Group plc 
  Harry Wilson 
  Graham Shircore 
  Andrew Cook                                       +44 (0)207 836 8444 
 finnCap Ltd (Nomad and Broker) 
  Stuart Andrews / Christopher Raggett / Anthony 
  Adams (corporate finance)                         +44 (0)20 7220 0500

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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December 21, 2018 10:18 ET (15:18 GMT)

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