(PMG.L) Parkmead Group (The) PLC Buy/Sell

RNS Number : 7715B Parkmead Group (The) PLC 02 November 2009

THE PARKMEAD GROUP PLC

("Parkmead" or the "Company")

Result of General Meeting

The Board is pleased to announce that all the Resolutions to approve, inter alia the Acquisition and the Capital Reorganisation were duly passed at the Company's General Meeting held earlier today.

Application has been made to the London Stock Exchange for the Acquisition Shares to be admitted to trading to AIM. It is expected that such admission will occur on 3 November 2009. The Acquisition Shares will, when issued, rank equally in all respects with the other New Ordinary Shares in issue including the right to receive dividends and other distributions declared.

Following Completion the shareholdings of Directors and other shareholders interested directly or indirectly in 3 per cent. or more of the Enlarged Ordinary Share Capital, so far as the Company is aware, are set out below:

Name of shareholder Number of New Percentage of issued New
Ordinary Shares Ordinary Shares following
following Completion Completion (%)
Thomas Cross 85,414,701 14.15
Linda Cross 84,346,824 13.97
David Mills 63,146,567 10.46
Schroder Investment Management 59,717,220 9.89
Ken Olisa 35,610,076 5.90
Niall Doran 35,491,677 5.88
Nightwish Investment Limited 30,300,000 5.02
Colin Goodall (through the 12,000,000 1.99

Burlane Trust)
John Leggate 800,000 0.13
Gordon Ashworth 200,000 0.03

Following the admission of the Acquisition Shares, the Enlarged Ordinary Share Capital of the Company will have increased to 603,635,898 New Ordinary Shares of 0.1 nominal value each.

All defined terms used in this announcement have the same meaning as stated in the circular dated 12 October 2009 sent to shareholders in connection with the Proposals.

For further information please contact:

The Parkmead Group Plc: Charles Stanley Madano Partnership
Niall Doran CEO Securities Financial Public
Gordon Ashworth CFO Nominated Adviser and Relations
020 7494 5770 Broker Mathew Moth
Rick Thompson / Ben 0207 593 4000
Johnston / Carl Holmes

This information is provided by RNS The company news service from the London Stock Exchange

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