Last checked at 13 Aug 2008 11:47
13 August 2008
Parity Group plc
("Parity" or the "Company")
Result of EGM
On 23 July 2008 the Board of Parity announced that it had agreed the disposal of Parity Training Limited, its training division, to Xpertise Group PLC for a total cash consideration of £4.775 million.
The Board is pleased to announce that at the Extraordinary General Meeting held earlier today, the ordinary resolution proposed to approve the disposal of Parity Training was duly passed by Shareholders and as such the Disposal is expected to complete on 29 August 2008.
Two copies of the resolution passed as ordinary business at the EGM have been submitted to the UK Listing Authority and will be available at the UK Listing Authority's Document Viewing Facility, which is situated at Financial Services Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS.
Capitalised terms used in this announcement will have the same meaning as in the circular sent to Shareholders on 23 July 2008 unless the context requires otherwise.
Enquiries:
| Parity Group plc Alwyn Welch, Chief Executive Officer Ian Ketchin, Finance Director | 0845 873 6942 |
| Arbuthnot Securities Limited Alastair Moreton/Richard Tulloch | 020 7012 2000 |
| The Hogarth Partnership John Olsen/Sarah Richardson | 020 7357 9477 |