GSH.L Regulatory News (GSH)

7 May 2009 07:00

GSH Group Plc

("GSH" or the "Company")

De-listing and Tender Offer Update

Further to the recent announcements relating to the De-listing and Tender Offer on 19 March and 16 April, the Board still believes it is appropriate to effect a Tender Offer at 190 pence per share, which has the full support of Mr Scarr-Hall.

The Company is negotiating an increase in its banking facility to ensure sufficient headroom for its ongoing working capital needs post De-listing. The Board anticipate that the increased facility will be in place shortly, however it is likely this will not be in place by 14 May 2009 as previously announced.

The Board will post a circular to shareholders as soon as the new banking facility is in place.

Words and expressions in this announcement have the same meaning as the March Announcement. 

For further information, please contact:

GSH Group plc

Rob Painting  Tel: 01782 200 457

Bell Pottinger Corporate & Financial

Ann-Marie Wilkinson / Nick Lambert Tel: 020 7861 3232

KBC Peel Hunt

Julian Blunt, Nominated Advisor Tel: 020 7418 8900