Parkmead Group (The) PLC
12 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 PA
Resources 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 listed
share capital of PAR (230,000 shares) for a consideration of £0.99 million. PAR
is a fast growing oil and gas group which is acquiring and developing oil and
gas reserves in Tunisia, the Norwegian continental shelf, Equatorial Guinea and
the 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 and
hope to make further announcements in due course.'
-Ends-
For further information:
The Parkmead Group plc 020 7494 5770
Niall Doran CEO
Gordon Ashworth, CFO
Madano Partnership 0207 593 4000
Matthew Moth
Charles Stanley Securities 0207 149 6482
Nominated Adviser
Rick Thompson
This information is provided by RNS
The company news service from the London Stock Exchange