| Fri 07:00 |
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RNS |
RNS Number : 7318W Game Group PLC 03 February 2012 3 February 2012 GAME Group plc ("GAME" or "The Group") REVISED GUIDANCE AND FINANCING UPDATE Revised guidance: Having received support from its stakeholders and lenders, the Board now believes that GAME will meet its covenant tests for the period to 31 January 2012 when tested on 27 February 2012. The Board now expects that the loss before tax and non recurring items will be around £18m for the year to 31 January 2012. Financing update: Further to the announcement earlier today, the Board of GAME is pleased to announce that it has now concluded discussions with its lending syndicate and agreed revised terms for its facilities. Under the terms of the revised facilities, the Group has agreed to operate within lower limits of its existing facilities than was previously available. These revised facilities will allow the company to continue to trade. The Group has also agreed to provide an updated strategic plan for review, and approval in part, by the lenders. This plan will cover all aspects of the business's activities and strategy, including its overseas operations. Ian Shepherd, CEO of GAME said "We're pleased to reach agreement with our lenders, but should be under no illusions about the challenges in our market or the hard work that is required to deliver our strategic plan." - ENDS - Enquiries: GAME Group plc | Simon Soffe, Communications & Investor Relations Director | +44 1256 784162 | Brunswick Group | Jonathan Glass James Olley Natalia Marisova | +44 207 404 5959 |
This information is provided by RNS
The company news service from the London Stock Exchange END MSCUUOWRURAURAR
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| Thu 15:18 |
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RNS |
RNS Number : 7169W Game Group PLC 02 February 2012 Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and Connected Persons Directors - Monthly Share Purchase On 1 February 2012, The Game Group plc (the "Company") received notification that ordinary shares of 5p each had been purchased on that date, in London, by the Directors and Non-Executive Directors listed below. These purchases are pursuant to the Trading Agreements to facilitate the automatic purchase of existing shares in the Company, through market purchases on a monthly basis over a twelve month period, as detailed in the announcement by the Company on 27 September 2011. The purchase price was 5.5 pence per share. Name | Director/ PDMR | Number of Shares Acquired | Total resultant Shareholding | Christopher Bell | Director | 35,984 | 133,263 | Ian Shepherd | Director | 64,948 | 210,542 | Ben White | Director | 44,686 | 161,237 | Ishbel Macpherson | Director | 6,712 | 52,719 | Dana Dunne | Director | 6,712 | 19,176 | Martin Davies | Director | 5,591 | 15,972 | Russ Shaw | Director | 5,591 | 15,972 |
This disclosure relates to transactions notified in accordance with DTR 3.1.4R(1)(a). Name of person making notification: | Vivienne Hemming | Contact number: | +44 1256 784015 | Date of notification: | 2 February 2012 |
This information is provided by RNS
The company news service from the London Stock Exchange END RDSUGUMGPUPPGAP
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| Thu 08:50 |
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RNS |
RNS Number : 6715W Game Group PLC 02 February 2012 2 February 2012 Response to press speculation In response to press speculation the GAME Group plc confirms that it is in ongoing dialogue with its lending syndicate to reach agreement on revised terms for its facilities. As part of these discussions, the lending syndicate is reviewing a strategic plan of the company which includes a review of its overseas operations.
A further announcement will be provided once discussions with its lending syndicate have concluded.
- ENDS - Enquiries: GAME Group plc | Simon Soffe, Communications & Investor Relations Director | +44 1256 784162 | Brunswick Group | Jonathan Glass James Olley Natalia Marisova | +44 207 404 5959 |
This information is provided by RNS
The company news service from the London Stock Exchange END SPCSSWSAEFESELE
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| 25-01-12 |
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RNS |
RNS Number : 1421W Game Group PLC 25 January 2012 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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| 1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: ii | The Game Group Plc GB0007360158 | 2 Reason for the notification (please tick the appropriate box or boxes): | An acquisition or disposal of voting rights | X | An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
| An event changing the breakdown of voting rights |
| Other (please specify): |
|
| 3. Full name of person(s) subject to the
notification obligation: iii | Aberforth Partners LLP | 4. Full name of shareholder(s)
(if different from 3.):iv | Shareholder Shares 1. Aberforth Smaller Companies Trust plc 10,938,871 2. Aberforth UK Small Companies Fund 2,775,600 3. Aberforth Geared Income Trust plc 3,711,575 All shares are registered in the name of Nortrust Nominees Ltd A/c Aberforth | 5. Date of the transaction and date on
which the threshold is crossed or
reached: v | 20/01/2012 | 6. Date on which issuer notified: | 24/01/2012 | 7. Threshold(s) that is/are crossed or
reached: vi, vii | 5% | | | | | |
8. Notified details: | A: Voting rights attached to shares viii, ix | Class/type of
shares
if possible using
the ISIN CODE
| Situation previous
to the triggering
transaction | Resulting situation after the triggering transaction | Number
of
Shares | Number
of
Voting
Rights | Number
of shares | Number of voting
rights | % of voting rights x | Direct | Direct xi | Indirect xii | Direct | Indirect | GB0007360158 | Below 5% | Below 5% | 17,426,046 | N/A | 17,426,046 | N/A | 5.02% |
|
| B: Qualifying Financial Instruments | Resulting situation after the triggering transaction | Type of financial
instrument | Expiration
date xiii | Exercise/
Conversion Period xiv | Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted. | % of voting
rights | N/A | N/A | N/A | N/A | N/A |
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | Resulting situation after the triggering transaction | Type of financial
instrument | Exercise price | Expiration date xvii | Exercise/
Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx | N/A | N/A | N/A | N/A | N/A | Nominal | Delta | N/A | N/A |
| Total (A+B+C) | Number of voting rights | Percentage of voting rights | 17,426,046 | 5.02% | | | | | | | | | | | | | | | | | |
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi | Held by Aberforth Partners LLP |
| Proxy Voting: | 10. Name of the proxy holder: | N/A | 11. Number of voting rights proxy holder will cease
to hold: | N/A | 12. Date on which proxy holder will cease to hold
voting rights: | N/A |
|
13. Additional information:
|
None
| 14. Contact name: | Pauline Robson, Aberforth Partners LLP | 15. Contact telephone number: | 0131 220 0733 | | | |
This information is provided by RNS
The company news service from the London Stock Exchange END HOLKELBLLFFLBBQ
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