PTD.L Regulatory News (PTD)

12 May 2006 16:00

Pittards PLC12 May 2006 Pittards plc Pittards, producers of technically advanced leather for many of the world'sleading brands of gloves, shoes, luxury leathergoods and sports equipment,announces that at an Extraordinary General Meeting and at separate ClassMeetings of the ordinary and preference shareholders held today, all resolutionsrequired to implement the share capital reorganisation and otherwise to enablethe arrangements for the transfer of the Pension Schemes to the PensionProtection Fund (PPF), have been duly approved. Completion of the arrangements with the PPF remain conditional on a number oflegal formalities which are expected to be fulfilled during the week commencing15 May 2006. Accordingly, it is expected that dealings in the New Ordinary Shares (as definedin the circular to shareholders dated 19 April 2006) will commence on AIM witheffect from 22 May 2006. Enquiries: Stephen Boyd, Chairman Chief Executive Tel: 01935 474321Lindsey Blackford, Group Financial Director Tel: 01935 474321John Wakefield, Rowan Dartington & Co Ltd. Tel: 0117 933 0020 This information is provided by RNS The company news service from the London Stock Exchange