Shore Capital Group Limited
("Shore Capital" or the "Company")
Result of General Meeting and Directors' Interests
The Board of Shore Capital, the independent investment group specialising in equity capital markets, principal finance and alternative asset management, is pleased to announce that at the Company's General Meeting held earlier today all resolutions were duly passed.
Accordingly, the proposed Share Capital Reorganisation, announced on 13 November 2013, is now unconditional in all respects save for Admission to trading on AIM of the New Ordinary Shares. Further details of the Share Capital Reorganisation are set out in the circular dated 13 November 2013 and sent to shareholders of the Company.
Application has been made to AIM for the New Ordinary Shares to be admitted to trading on AIM. It is expected that such Admission will become effective and that dealings will commence in the New Ordinary Shares at 8.00 am on 9 December 2013.
Following Admission the Company's issued share capital will consist of 24,164,000 ordinary shares of no par value. The total number of voting rights in the Company will therefore be 24,164,000.
Following Admission, the Directors' holdings in the New Ordinary Shares of the Company will be as follows:
| Director | Holding of Existing Ordinary Shares prior to the Share Capital Reorganisation | % | Holding of New Ordinary Shares after the Share Capital Reorganisation | % |
| Howard Shore1 | 101,793,700 | 42.13 | 10,179,370 | 42.13 |
| Zvi Marom | 501,521 | 0.21 | 50,152 | 0.21 |
| James Rosenwald III | 2,532,000 | 1.05 | 253,200 | 1.05 |
| Lynn Bruce | 300,000 | 0.12 | 30,000 | 0.12 |
1 Howard Shore held options over 5,921,990 Existing Ordinary Shares under the Company's Share Option Plan. After the Share Capital Reorganisation, he will hold options over 592,199 New Ordinary Shares.
Definitions used within this announcement are the same as those contained within both the circular in relation to the Share Reorganisation published on 13 November 2013 and the announcement of the same date.
- Ends -
Enquiries:
| Shore Capital Group Limited | Howard Shore, Executive Chairman Lynn Bruce, Director | +44 (0)20 7408 4090 +44 (0)1481 728 902 |
| Grant Thornton UK LLP (Nominated Adviser) | Philip Secrett Melanie Frean | +44 (0) 20 7383 5100 |
| RBC Capital Markets (Broker) | Josh Critchley Oliver Hearsey | +44 (0) 20 7653 4000 |
| Bell Pottinger (PR) | Olly Scott Weston Macklem | +44 (0) 20 7861 3232 |
About Shore Capital
Shore Capital is an AIM quoted independent investment group. Founded and owned by entrepreneurs, for nearly three decades Shore Capital has been helping entrepreneurial businesses reach their full potential, find committed long term investors and develop into significant enterprises. The business offers innovative corporate advice; a leading market-making business; some of the most respected investment research available in the UK; and a diverse range of high quality investment opportunities, including its hugely successful VCTs and principal finance activities. It is a business founded on four simple values - integrity, drive, competence and trust.
The Group is based in Guernsey, London, Liverpool, Edinburgh and Berlin. Shore Capital Stockbrokers Limited, Shore Capital and Corporate Limited, Shore Capital Limited and Puma Investment Management Limited are each authorised and regulated by the Financial Conduct Authority. Shore Capital Stockbrokers Limited is a member of the London Stock Exchange.
www.shorecap.gg