Nwf Regulatory News (NWF)

21 Dec 2005 11:24

NWF Group PLC21 December 2005 For immediate release: 21 December 2005 NWF GROUP PLC RESULT OF EGM AND PLACING NWF Group plc ("NWF" or "the Company"), the diversified sales and distributionbusiness, announces that at an Extraordinary General Meeting held today, theresolution in connection with the placing of 1,071,843 new ordinary shares (the"Placing Shares") announced on 25 November 2005 was duly passed. The Placing Shares will be issued credited as fully paid and will rank paripassu in all respects with NWF's existing Ordinary Shares, including the rightto receive any dividend or other distributions thereafter declared, made orpaid. Application has been made to the London Stock Exchange for the Placing Shares tobe admitted to trading on AIM. It is expected that Admission will becomeeffective and that trading will commence tomorrow, 22 December 2005. Graham Scott, Chief Executive of NWF commented: "This successful placing,raising £5.7 million (net of expenses) for the Company, will assist with thefinancing of our plans for the Distribution division. We have broadened theinstitutional shareholder base of the Company and I would like to welcome newshareholders and thank existing shareholders for their support. We look forwardto updating all shareholders on the Company's performance at the time of ourinterim results, to be announced in early February 2006." For further information please visit www.nwf.co.uk or contact: Graham Scott, Chief Executive Mark Taylor John West / Claire MellyNWF Group plc Charles Stanley & Co. Tavistock CommunicationsTel: 01829 260 260 Tel: 020 7739 8200 Tel: 020 7920 3150 This information is provided by RNS The company news service from the London Stock Exchange