Storyboard Assets Plc
LSE : STYP

September 10, 2012 09:19 ET

Result of Annual General Meeting

                                                                                        10/09/2012
                                                                         GB00B3DBY868/GBP/PLUS-exn
                                                 
                                       Storyboard Assets Plc
                                  ("Storyboard" or the "Company")
                                                 
                                 Result of Annual General Meeting
                                                 
At  the  AGM  held earlier today all resolutions were duly passed by shareholders. Prior  to  this
meeting, shareholders voted at a General Meeting to oppose resolutions to dispose of the remaining
artworks  at the highest offer received by the Company under its proposed method of sale announced
in July.

In  my capacity as Chairman, my utmost concern has always been to oversee a timely liquidation  of
the Company's assets at the highest possible level, in line with the strategy update ratified with
shareholders at the General Meeting on the 31 January 2012. Having sold certain assets in the July
auction,  your  company  did solicit and receive offers for the remaining  assets  not  sold  from
various  interested parties. The Board then considered those offers further, but believes that  in
order  to maximize shareholder value, the majority of the remaining assets will be offered at  the
Sothebys auction in December which usually attracts a high level of collector interest.

The  Company  will  keep  investors fully informed and expects to  have  completed  sales  of  the
portfolio prior to the Company's year end.

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

Contact Information:

Company:
Storyboard Assets Plc
Marcus Yeoman
Tel: 07970 028 442

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

Contact Information

  • Storyboard Assets Plc