Storyboard Assets Plc

July 30, 2012 07:00 ET

Extension of Offer for Artworks


                                           Storyboard Assets Plc
                                      ("Storyboard" or the "Company")
                                      Extension of Offer for Artworks
Storyboard  announced  on  13  July 2012 the results of the recent auction of  its  portfolio  and  allowed
shareholders  wishing  to  make an offer for any or all of the balance of the  collection  to  contact  the
Company  by  Friday  27 July 2012. The Company received bids from several parties and  on  Friday  27  July
received an offer of £60,000 for the entire remaining portfolio from Marcus Yeoman, Chairman of Storyboard.
This was the highest offer received before the close of business.

Storyboard has agreed to extend the offer to shareholders for a further 5 days until the close of  business
on  Friday  3  August  2012  allowing them the opportunity to participate in  the  offer.  Any  shareholder
interested should contact Luke Heron on 07912 044 941 prior to the close of business on Friday.

If  Mr  Yeoman is still the highest bidder by the close of business on Friday 3 August 2012, this  will  be
deemed  to be a related party transaction under Rule 57 of the PLUS Rules, in the case of the disposal  and
fundamental change to the business. Therefore, Storyboard will obtain the consent of its shareholders at  a
general meeting as a condition of the transaction.

Storyboard will update the market in due course.

The Directors of Storyboard are responsible for the contents of this announcement.

Contact Information:
Storyboard Assets Plc
Luke Heron - Director
Tel: 07912 044 941

Corporate Adviser:
St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Tel: 020 7368 6959

Contact Information

  • Storyboard Assets Plc