PRP.L Regulatory News (PRP)

3 Jan 2006 11:53

Prime People PLC03 January 2006 For immediate release 3 January 2006 PRIME PEOPLE plc ("Prime People" or the "Company") RESULT OF EGM On 9 December 2005, Prime People plc announced the acquisition of Macdonald, aleading independent professional recruitment consultancy focused on thecommercial property sector. At the Extraordinary General Meeting of Prime People, which took place earliertoday, all resolutions put to shareholders to effect the Acquisition were dulypassed. Among the resolutions was the proposal to simplify the Company's capitalstructure by the consolidation of every 10 issued Ordinary Shares into one NewOrdinary Share. Resolution 8 was not put to the meeting and Robert Macdonald,Peter Moore and John Lewis have been appointed as directors by the Board ofDirectors of the Company with effect from Admission of the New Ordinary Shares. As a result of the passing of the resolutions, the shareholders of Macdonald andthe holders of Macdonald Share Options have become entitled to 7,155,593 NewOrdinary Shares, representing 66.01 per cent. of the Enlarged Share Capital. It is expected that Admission of the New Ordinary Shares will become effectiveand that dealings in the Enlarged Share Capital will commence on AIM on 4January 2006. -Ends- All terms in this announcement are defined as set out in the Admission Document. For further information: Prime People 020 7831 5297Simon MurphyChris Heayberd MacdonaldRobert Macdonald 020 7318 5874Peter Moore 020 7318 5873 WH Ireland 0161 832 6644David Youngman / Robin Gwyn Hogarth Partnership 020 7357 9477James Longfield / Georgina Briscoe Notes to Editors Macdonald is one of the UK's leading independent professional recruitmentconsultancies, focused predominantly on the commercial property sector. Foundedin 1994, Macdonald currently employs around 80 staff in London and Manchesterand serves a wide variety of property related clients including leadingconsultancies, financial institutions, investment funds, property companies anddevelopers, as well as central and local government and other governmentagencies. Macdonald is the only recruitment consultancy to be approved by theRoyal Institution of Chartered Surveyors ("RICS"). This information is provided by RNS The company news service from the London Stock Exchange