(WHG.L) Wren Homes Group PLC Buy/Sell

RNS Number : 3032B Wren Homes Group PLC 23 October 2009

FOR IMMEDIATE RELEASE 23 October 2009

WREN HOMES GROUP PLC (AIM: WHG)

("Wren" or "the Group")

Wren Homes Group Plc, the AIM listed provider of retirement living, through a range of Extra Care and other services for the independent elderly

Proposed change of name to Wren Extra Care Group Plc

Adoption of New Articles of Association

and

Notice of General Meeting

Wren Homes Group Plc, the AIM listed provider of retirement living, through a range of Extra Care and other services for the independent elderly, has today sent a circular to shareholders in order to seek Shareholder approval to change the name of the Company to 'Wren Extra Care Group Plc' and also to adopt new articles of association compliant with the Companies Act 2006. A General Meeting has been convened for 10.30 am on 17 November 2009 at Oaks House, 12/22 West Street, Epsom. Surrey, KT18 7RG to seek Shareholder approval for each of these proposals.

Proposed change of name

The Company has decided to seek a change of name to more accurately reflect the changed nature of its mainstream business. Over the last few years the Company has increasingly moved its focus towards the "retirement homes" market.

Due to overwhelming demographic pressure and driven by government policy there is an increasing need for the provision of suitable housing for the growing number of elderly people in the UK who wish to continue to live in their own homes. The Company is now moving into the Extra Care retirement sector, an offering which sits between older style retirement housing and full residential and care homes, which are typically very expensive.

This enables people to benefit from enhanced security and the opportunity to avail themselves of

increasing levels of domiciliary and healthcare services. The Company has moved towards providing these services for its new retirement housing schemes, which are called Extra Care Schemes. The Company therefore proposes to change its name to Wren Extra Care Group Plc.

Subject to the relevant resolution being passed, the name of the Company will be changed at Companies House on 17 November 2009 and the Company's Ordinary Shares will trade under the new name with effect from 18 November 2009. No new share certificates will be issued in respect of the existing Ordinary Shares held in certificated form. Shareholders should retain their existing share certificates which will continue to be valid.

Proposed new articles of association

The existing articles of association were adopted in 2006. Since then there have been a number of changes to company law as a result of the ongoing implementation of the Companies Act 2006. These changes required numerous changes to the existing articles of association to bring them up to date. Rather than propose a resolution to approve all the required amendments, the Board has been advised that it is easier to adopt a new set of articles of association which reflect the latest provisions of the Companies Act 2006. The Circular contains a schedule which explains the provisions in the new articles of association which differ from the existing articles of association.