30 May 2006 08:18
Billing Services Group Limited30 May 2006 Billing Services Group Limited ("the Company") Board Update The Board of Billing Services Group Limited announces that an independentcommittee of the Board (the "Independent Committee") has been constituted tomanage a process that may or may not lead to a Management Buy Out. TheIndependent Committee consists entirely of Non-Executive Directors and ischaired by Patrick Heneghan. The Independent Committee of the Board stresses that considerations are at avery early stage and accordingly, there can be no certainty that any offer willbe forthcoming. Further announcements will be made as and when necessary. Shareholders and investors should be aware that the Company is not subject tothe provisions of the City Code on Takeovers and Mergers. 30 May 2006 This information is provided by RNS The company news service from the London Stock Exchange