Kazera Global Regulatory News (KZG)

24 May 2007 10:18

Worthington Nicholls Group plc24 May 2007 RNS Release 24 May 2007 EGM results and update ("Worthington Nicholls" or "the Company") Worthington Nicholls Group plc (AIM: WNG) announces that at the ExtraordinaryGeneral Meeting of the Company ("EGM") held today, all resolutions were dulypassed. The Company has therefore completed the placing of 11,764,706 newOrdinary Shares at £1.70 per share, raising £20 million. The new funds will be used for further identified acquisitions and to provideadditional working capital. Worthington Nicholls is pleased to announce that the integration of the threenewly-acquired companies is progressing in line with original plans and thatthere have been a number of contract successes since 1 May 2007. Woods Environmental Limited ("Woods Environmental"), which was acquired withClassic Interiors Contractors Limited ("Classic Interiors") and Euro PropertyServices Limited ("EPS") in early May, has secured a major new officerefurbishment contract from major North West property developers BruntwoodEstates. The contract, valued at around £750,000, is for a full mechanical servicesinstallation on an 80,000 square foot property in Bolton. The latest contractwas secured after Woods Environmental successfully completed another largeBruntwood project in Leeds. Worthington Nicholls in conjunction with EPS has also won a £1.3 millioncontract to install and maintain air conditioning at the prestigious ConnaughtHotel in London. Work on the contract began earlier this month. Classic Interiors and Lumenglow Limited ("Lumenglow"), a specialist electricalcontractor acquired late last year, have under joint tender, secured a £143,000turnkey contract to fully refurbish a major retail outlet in Sloane Square,London. The contract, which is for a new retail client, includes mechanical andengineering works and shop-fitting on behalf of Antons Design. Classic Interiors has also, as principle contractor, secured electrical andmechanical and engineering works for an estimated total value of £330,000, toconvert offices back to bedrooms for LRG, an existing customer of WorthingtonNicholls, within the UK. Lumenglow and Classic Interiors have also commenced operating from new premisesin Dartford, Kent. Enquiries: Worthington Nicholls 0870 609 1829Mark Worthington, Chief ExecutiveDavid Levis, Corporate Director Blue Oar Securities 020 7448 4400Romil Patel/Rhod Cruwys Gresham PR Ltd 020 7404 9000 Neil Boom/Laura Black Information on Worthington Nicholls can be accessed via the Group's website:www.worthington-nicholls.co.uk This information is provided by RNS The company news service from the London Stock Exchange