Corporate Update
09/02/2024 07:00
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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 (http://www.alfredhenry.com/)
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