MGP.L Regulatory News (MGP)

22 Nov 2005 07:02

Mercury Group PLC22 November 2005 MERCURY GROUP PLC ("Mercury" or the "Group") announces New Contract Award Mercury Group plc, the integrated property services group, is pleased toannounce that it has entered into a three year contract with Vincos Limited, forthe provision of property services. Vincos Limited trades as Consensus BusinessGroup (CBG) and is managed by Vincent Tchenguiz. Under the terms of thecontract Mercury Group will receive £1.8m over three years. The Directors of Mercury, excluding Stephen Russell who acts as a consultant forCBG, consider, having consulted with KBC Peel Hunt Ltd, that the terms of thecontract are fair and reasonable in so far as Mercury's shareholders areconcerned. Pendana Limited holds a 25.0 per cent interest (including the related votingrights) in Mercury via a contract for difference written by KBC Peel Hunt Ltd.Pendana and Vincos are both ultimately owned by Investec Trust (Guernsey)Limited as Trustees of the Tchenguiz Family Trust, to which CBG providesadvisory services to in respect of numerous investments held by such trust. Enquiries: David J Williams T: 020 7422 6585Mercury Group plc Katie Tzouliadis T: 020 7448 1000Biddicks NOTES TO EDITORS About Mercury Group PLC Mercury Group, which is quoted on the London Stock Exchange's AlternativeInvestment Market (AIM), provides a wide range of professional services to thereal estate industry. Its services address all the major stages of the propertylifecycle from initial acquisition, design and construction to ongoing propertyand facilities management and eventual disposal. This information is provided by RNS The company news service from the London Stock Exchange