Acquisition-Amendment

12 Dec 2007 16:21

Parkmead Group (The) PLC12 December 2007 The following replaces the RNS Reach announcement, number 6856J released at 07:02 on 12 December 2007 The title of the announcement should read; Acquisition of 0.16% stake in PAResources AB ("PAR"), and not as previously stated. The full amended release appears below. THE PARKMEAD GROUP PLC ("Parkmead") Acquisition of 0.16% stake in PA Resources AB ("PAR"). The Parkmead Group plc (PMG) reports that it has acquired 0.16% of the listedshare capital of PAR (230,000 shares) for a consideration of £0.99 million. PARis a fast growing oil and gas group which is acquiring and developing oil andgas reserves in Tunisia, the Norwegian continental shelf, Equatorial Guinea andthe Republic of Congo. Commenting on the investment, Niall Doran, Chief Executive of Parkmead, said: "We are continuing to build our strategic portfolio of energy based investments.We are also actively appraising opportunities across the energy sector andhope to make further announcements in due course." -Ends- For further information: The Parkmead Group plc 020 7494 5770Niall Doran CEOGordon Ashworth, CFO Madano Partnership 0207 593 4000Matthew Moth Charles Stanley Securities 0207 149 6482Nominated AdviserRick Thompson This information is provided by RNS The company news service from the London Stock Exchange