REG-Simian Global Plc: Possible Acquisition and Suspension of Listing <Origin Href="QuoteRef">SMGS.L</Origin>

Grand Vision Media HoldingsAnnouncement

17/02/2017 07:35

17 February 2017

SIMIAN GLOBAL PLC
( “Simian” or the “Company”)

Possible Acquisition
and
Suspension of Listing


The Directors of Simian are pleased to inform shareholders that it has signed
a non-binding letter of
intent ("LOI") to acquire the entire issued share capital of GVC Holdings
Limited, a limited liability
company in the media and advertising business incorporated in the British
Virgin Islands (the
“Potential Target”), for new shares in the Company (the "Acquisition").
The Acquisition, if completed,
would result in Simian shareholders having a minority interest in the enlarged
group (the "Group"). For
the avoidance of doubt, the Potential Target is not affiliated with GVC
Holdings Plc, a company in the
online sports and gaming business incorporated in the Isle of Man that trades
on the London Stock
Exchange.

The Acquisition is subject, inter alia, to the completion of due diligence,
documentation and
compliance with all regulatory requirements, including the Listing and
Prospectus Rules and, as
required, the Takeover Code.

The Acquisition, if it proceeds, will constitute a Reverse Takeover under the
Listing Rules since, inter
alia, in substance it will result in a fundamental change in the business of
the issuer.

As the Acquisition will constitute a Reverse Takeover under the Listing Rules,
the listing in the
Company’s ordinary shares has been suspended at the Company’s request
pending the publication of
a prospectus and the application for the enlarged Company to have its Ordinary
Shares admitted to
the Official List and to trading on the main market for listed securities of
the London Stock Exchange.

The Company is working on the preparation of a prospectus in relation to the
Acquisition and will, in
due course, be making application for the enlarged Company to have its
Ordinary Shares admitted to
the Official List and to trading on the main market for listed securities of
the London Stock Exchange.

The Company will update shareholders as the matter progresses.

For more information:

 Simian Global Plc              www.simianglobal.com                                
 Edward Kwan-Mang Ng, Director  Tel: +44 (0) 20 7866 2145 or info@simianglobal.com  

   

 Alfred Henry Corporate Finance Ltd                                                        
 Jon Isaacs                          Tel: +44 (0) 20 7309 2242 or jisaacs@alfredhenry.com  



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