THE MARKETING GROUP PLC: Imagine Group to return shares to TMG for cancelation
LONDON: 11 February 2019 – The Marketing Group plc (the “Company” or the “Group”), which trades as RYVL, is pleased to announce that further to its disposal of Imagine Group Pte Ltd (“Imagine”), announced on 10 August 2017, the Company has reached agreement with Imagine to buy back 928,571 ordinary shares in the capital of the Company held by Imagine (the “Buyback”), in three tranches, for a nominal consideration, being in total €0.03.
The Buyback is conditional on an ordinary resolution of the shareholders of the Company being passed at RYVL’s forthcoming General Meeting on 15 February 2018 approving the terms of the Buyback.
The Shares will be purchased in three tranches as follows: (i) 185,715 of the Shares five business days after the date the ordinary resolution is passed for a total consideration of €0.01; (ii) 210,190 shares on 30 September 2019 for a total consideration of €0.01; and (iii) 541,666 shares on 30 March 2020 for a total consideration of €0.01.
The Company currently has 51,540,019 shares in issue. The total 928,571 shares being bought back represent 1.80% of the Company’s issued share capital. Following completion of the Buyback the Company will have 50,611,448 shares in issue.
if the number of shares to be bought back by the Company exceeds the number of shares held by Imagine, Imagine will need to acquire further shares in the market so that they can meet with their contractual obligations under the Buyback to sell them to the Company. The shares once bought back, will be cancelled by the Company
RYVL is the operating name of The Marketing Group Plc. (https://ryvl.com/)
RYVL is a global network of complementary marketing businesses. It is building a lean and technology centric approach to providing a global marketing solution, fit for the needs of modern brands.
The Marketing Group Plc (Ticker: TMG.ST) is listed on Nasdaq First North, Stockholm www.RYVL.com.
Mangold Fondkommission AB, +46 8-5030 15 50, is the Company’s Certified Adviser and liquidity provider. They may be contacted on email at firstname.lastname@example.org.
Phone: +44 (0) 203 934 6630