Servoca Regulatory News (SVCA)

23 May 2005 07:01

Multi Group PLC23 May 2005 Multi Group Plc ("Multi" or the "Company") Strategic Investment in Lorien Plc The directors of Multi, the AIM quoted niche recruitment group, are pleased toannounce that on 20 May 2005 the Company made a strategic investment in LorienPlc ("Lorien"), an IT resourcing and specialist services company quoted on theOfficial List. Multi has acquired 850,000 ordinary shares in Lorien at a price of 35 pence pershare. Following this acquisition, Multi is interested in a total of 850,000 ordinaryshares in Lorien, representing 4.6 per cent. of Lorien's issued voting sharecapital. However, Multi is deemed to be acting in concert with its largestshareholder, Southwind Limited (together the "Concert Party") in respect ofLorien. Southwind Limited is currently interested in 3,250,000 Lorien shares,representing 17.5 per cent. of Lorien's issued share capital and thus theConcert Party is interested in a total of 4,100,000 Lorien shares, representing22.1 per cent. of its issued voting share capital. Multi's directors are currently considering the possibility of making an offerfor the entire issued voting share capital of Lorien at or around the price pershare paid by Multi for its current shareholding, subject to a minimum price of35 pence per share. This information is provided by RNS The company news service from the London Stock Exchange