Napster Group PLC Update on Disposal and De-listing timetable (5563Y)
January 17 2022 - 2:00AM
UK Regulatory
TIDMNAPS
RNS Number : 5563Y
Napster Group PLC
17 January 2022
NAPSTER GROUP PLC
("NAPS" or the "Company")
Update on Disposal and De-listing timetable
Napster (AIM:NAPS), a leading music company and operator of the
MelodyVR and Napster platforms, is pleased to announce that the
Directions Hearing in relation to the proposed Capital Reduction
occurred on 14 January 2022.
Accordingly, as detailed in the Company's circular dated 3
December 2021, the last day of dealings in the Company's ordinary
shares is still expected to be 27 January 2022 with the Company's
ordinary shares being cancelled from trading on AIM at 7.00 a.m. on
28 January 2022. The expected timetable for the Capital Reduction,
Share Consolidation and completion for the Disposal are set out
below.
Court hearing with respect to the Capital 25 January 2022
Reduction
Expected date that the Capital Reduction 26 January 2022
will become effective
-------------------------
Record date in respect of the Share Consolidation 5.00 p.m. on 26 January
2022
-------------------------
Expected date and time that the Share 8.00 a.m. on 26 January
Consolidation will become effective 2022
-------------------------
Record date and time in respect of the 6.00 p.m. on 27 January
Disposal 2022
-------------------------
Expected date and time for completion 11.59 p.m. on 27 January
of the Disposal and issue of Consideration 2022
Shares
-------------------------
Earliest date of De-Listing / cancellation With effect from 7.00
of admission of New Ordinary Shares from a.m. on 28 January
AIM 2022
-------------------------
1) If any of the above times and/or dates change, the revised
times and/or dates will be noti ed to Shareholders through a
Regulatory Information Service.
2) All references to time in this announcement are to London
time, unless otherwise stated.
3) Any dates above are subject to court availability in respect
of the Capital Reduction
For further information please contact:
Napster Group PLC email@napster.group
Anthony Matchett, Group CEO
finnCap Ltd ( Nominated Adviser and Broker) Tel: +44 (0) 20 7220
Corporate Finance: Marc Milmo, James Thompson, 0500
Milesh Hindocha
ECM: Tim Redfern, Sunila de Silva
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END
DISBFMFTMTIBBJT
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