Business
Acquisition-Amendment
Acquisition-Amendment.
About this update from Parkmead Group Plc
[{"type":"text","content":"\n Parkmead Group (The) PLC\n12 December 2007\n\nThe following replaces the RNS Reach announcement, number 6856J released at \n07:02 on 12 December 2007\n\nThe title of the announcement should read; Acquisition of 0.16% stake in PA\nResources AB ('PAR'), and not as previously stated.\n\nThe full amended release appears below.\n\n\n THE PARKMEAD GROUP PLC ('Parkmead')\n\n Acquisition of 0.16% stake in PA Resources AB ('PAR').\n\nThe Parkmead Group plc (PMG) reports that it has acquired 0.16% of the listed\nshare capital of PAR (230,000 shares) for a consideration of £0.99 million. PAR\nis a fast growing oil and gas group which is acquiring and developing oil and\ngas reserves in Tunisia, the Norwegian continental shelf, Equatorial Guinea and\nthe Republic of Congo.\n\nCommenting on the investment, Niall Doran, Chief Executive of Parkmead, said:\n\n'We are continuing to build our strategic portfolio of energy based investments.\nWe are also actively appraising opportunities across the energy sector and\nhope to make further announcements in due course.'\n\n\n -Ends-\n\n For further information:\n\n\nThe Parkmead Group plc 020 7494 5770\nNiall Doran CEO\nGordon Ashworth, CFO\n\nMadano Partnership 0207 593 4000\nMatthew Moth\n\nCharles Stanley Securities 0207 149 6482\nNominated Adviser\nRick Thompson\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1803,"tagName":"div"}]