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This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.

The 600 Group Plc -Significant shareholder’s conditional agreement

Hamilton, Bermuda – January 27, 2017 – The 600 Group Plc (the "Company”), today filed a statement announcing Significant shareholder’s conditional agreement. The full filing stated:

The Board announces that it has received notification from Haddeo Partners LLP (Paul Dupee, Executive Chairman of the Company is Managing Partner of Haddeo Partners LLP) that it has entered into a conditional agreement (the “Agreement”) granting an option to sell at a premium to the prevailing share price Haddeo’s total shareholding, amounting to 23,492,535 ordinary shares equating to 22.51% of the issued share capital of the Company, to Disruptive Capital Investments II Limited. The agreement is conditional upon, amongst other things, certain regulatory approvals and the approval of the Company.

Disruptive Capital have stated they have no present intention of making an offer for the Company.

In the Board’s opinion, there can be no guarantee that the conditions in the Agreement can or will be satisfied, nor that the Company will consent to any sale of shares.

Further announcements will be made in due course.

 

Enquiries:

 

The 600 Group PLC

Tel:01924415000

Paul Dupee, Executive Chairman

 

Neil Carrick, Finance Director

 

Spark Advisory Partners Limited (NOMAD)

Tel:02033683553

Matt Davis/Miriam Greenwood

 

Cadogan PR Limited (Financial PR)

Tel:02074995002/07771713608

Alex Walters

 

FinnCap (Broker)

Tel:02076001658

Tony Quirke/Mia Gardiner (Sales/Broking)

 

 

More information on the Group can be viewed at: www.600group.com

 

This announcement contains inside information for the purposes of Article 7 of  EU Regulation 596/2014.