APP.L Regulatory News (APP)

25 Aug 2006 16:26

Park Group PLC25 August 2006 Immediate release 25 August 2006 Park Group plc Notice of Extraordinary General Meeting to propose the Cancellation of Listing on the Official List and Application for Admission to AIM In line with the commitment made at the time of the preliminary announcement ofresults of Park Group plc ("Park" or "the Company") on 12 July 2006, the Boardof Park today announces its intention to convene an Extraordinary GeneralMeeting ("EGM") at which a resolution will be proposed to shareholders toapprove the cancellation of the Company's listing on the Official List of theFinancial Services Authority and application for admission of the Company'sentire issued share capital to trading on AIM. A circular has been despatched toshareholders today giving notice of the EGM, to be held on 27 September 2006 atTranmere Rovers Football Club, Prenton Park, Prenton Road West, Prenton, Wirral,CH42 9PY. The Board believes that given the Company's size AIM is a more appropriatemarket for it, with lower ongoing costs associated with being on the OfficialList and a simplification of administration requirements. It will also enablethe Company to agree and execute transactions more quickly should anyacquisition or other development opportunities arise in the future. The Board intends to propose the following special resolution at the EGM: "That the proposed cancellation of the listing of the entire issued sharecapital of the Company on the Official List of the UKLA be and is herebyapproved." A copy of the circular will be available shortly for public inspection at theDocument Viewing Facility, 25 The North Colonnade, Canary Wharf, London E14 5HS. -ends- For further enquiries, please contact: Park Group plc - Tel: 0151 653 1700Peter Johnson, Executive ChairmanChris Houghton, Group Managing Director Tavistock Communications - Tel: 020 7920 3150Jeremy CareyChristian Taylor-Wilkinson This information is provided by RNS The company news service from the London Stock Exchange