GATE Gate Ventures

Update on Court Action and Financing

Update on Court Action and Financing

Gate Ventures PLC

Update on Court Action and Financing

ISIN Number: GB00BYX2WP92

TICKER: GATE

Gate Ventures PLC

Press Release

November 1, 2019

Gate Ventures PLC

("Gate Ventures" or "Gate" or the "Company")

Update on Court Action and Financing

Further to previous announcements (September 25 and August 23, 2019), Gate Ventures PLC, a global media and entertainment operating company, announces that following the dismissal in the High Court of application brought against it by its loan holder, it is yet to receive its legal costs awarded against the loan holder. 

Instead, the Company has received notice that the loan holder has chosen to appeal against the decision of the High Court as well as made a further application to put the Company into administration. 

Geoff Morrow, CEO of Gate Ventures, said: “This loan holder is not only delaying making payments of our legal costs but revisiting the legal action which already has been dismissed. Our opinion is that this new legal action is also without merit and is designed to detract from the non-payments. We will of course defend our position robustly again and expect the appeal to be rejected.”

The Company continues to have meaningful dialogue with potential investors and as matters develop, the Board will keep the market informed appropriately. 

-END-

Further Enquiries:

Gate Ventures PLC (The Company):  // +44 (0) 20 3150 2477

Keswick Global AG (Certified Adviser):  // 5

Rossen & Company ApS (Financial PR):  //

About Gate Ventures PLC:

Gate Ventures PLC, a global media and entertainment operating company, was founded in 2015 to exercise active ownership of various production platforms within film, lifestyle and theatre. Governed by senior investment profiles and prominent personas within the British entertainment sector, the board has raised over €28 million worldwide to date.

Since 2017, Gate Ventures PLC has been listed with NASDAQ First North in Copenhagen. Positions include Rise Art Ltd. (15%) Fagara in Mara, 2018 (10%), Theory of Ambitions,2018 (2.5%), Bink (4%), Ensygnia (7%), Infinity Creative Media (16%) and Gate Reality (100%).

As of 2019, the executive board of Gate Ventures PLC is comprised of Lord Michael Ian Grade, Baron of Yarmouth (Chairman, CBE), Sarah, Duchess of York (Executive Director), Mr. Geoffrey Stanton Morrow (CEO), Mr. Michael Sidney Linnit (CSO) and Mr. Richard James Carter (CFO, ACMA, CGMA).

-END-

EN
01/11/2019

Underlying

GATEGate Ventures

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Gate Ventures

GATE GATE VENTURES

Moody's announces completion of a periodic review of ratings of gategr...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of gategroup Holding AG. Global Credit Research- 06 Aug 2020. London, 06 August 2020-- Moody's Investors Service has completed a periodic review of the ratings of gategroup Holding AG and other ratings that are associated with the same analytical unit.

08/06/20 August 6, 2020 4 EN
EUR 229.48
GATE GATE VENTURES

gategroup Holding AG: Update following downgrade

Our credit view of gategroup following the company's recent downgrade which was triggered by impact of the coronavirus pandemic on its business and relatively weak key credit ratios

04/17/20 April 17, 2020 8 EN
EUR 165.22
GATE GATE VENTURES

Moody's downgrades gategroup to B3 from B1, outlook is negative

Rating Action: Moody's downgrades gategroup to B3 from B1, outlook is negative. Global Credit Research- 26 Mar 2020. London, 26 March 2020-- Moody's Investors Service, has today downgraded gategroup Holding AG's corporate family rating to B3 from B1 and probability of default rating to B3-PD from B1-PD.

03/26/20 March 26, 2020 6 EN
 PRESS RELEASE
Free
GATE GATE VENTURES

Appointment of Joint Administrators

Appointment of Joint Administrators Gate Ventures PLCAppointment of Joint AdministratorsISIN Number: GB00BYX2WP92TICKER: GATEGate Ventures PLCPress Release March 16, 2020 Gate Ventures PLC ("Gate Ventures" or "Gate" or the "Company") Appointment of Joint Administrators Simon Bonney and Michael Kiely of Quantuma LLP and Brian Baker of Moore Kingston Smith were appointed as Joint Administrators of Gate Ventures PLC on March 13, 2020. In the short term, the Joint Administrators will continue to run the affairs of the business and update the market as soon as appropriate. -END...

March 16, 2020 1 EN
 PRESS RELEASE
Free
GATE GATE VENTURES

VWoosh Loan Update

VWoosh Loan Update Gate Ventures PLCVWoosh Loan UpdateISIN Number: GB00BYX2WP92TICKER: GATEGate Ventures PLCPress Release February 18, 2020 Gate Ventures PLC ("Gate Ventures" or "Gate" or the "Company") VWoosh Loan Update Gate Ventures PLC, a global media and entertainment operating company, provides an update on a loan of £35,000 made to vVoosh Limited in October 2018.  The Board of Gate had been advised that the loan was not a material one and did not require disclosure. However, it now appears that the Duchess of York, a director of Gate Ventures at the time of the loan...

February 18, 2020 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch