Disposal

20 Feb 2007 07:00

Parkmead Group (The) PLC20 February 2007 The Parkmead Group plc ("Parkmead" or the "Group") Sale of The Respond Group Limited for £2.1 million The Board of The Parkmead Group plc is pleased to announce the sale of itsholding in Respond Group Limited ("Respond") for a total consideration of £2.1million before expenses. The Group's holding in Respond was carried at £1.6million. Niall Doran, Chief Executive of Parkmead said: "The sale of our portfolio assets is now substantially complete and our balancesheet is further strengthened. The Group is now focused on its core strategiesof corporate finance, principal finance and business turnaround services." For further information: ParkmeadGordon Ashworth 020 7494 3080Niall Doran 020 7494 3080 Madano Partnership 020 7593 4000Matthew Moth This information is provided by RNS The company news service from the London Stock Exchange