NWF Group PLC
21 December 2005
For immediate release: 21 December 2005
NWF GROUP PLC
RESULT OF EGM AND PLACING
NWF Group plc ('NWF' or 'the Company'), the diversified sales and distribution
business, announces that at an Extraordinary General Meeting held today, the
resolution in connection with the placing of 1,071,843 new ordinary shares (the
'Placing Shares') announced on 25 November 2005 was duly passed.
The Placing Shares will be issued credited as fully paid and will rank pari
passu in all respects with NWF's existing Ordinary Shares, including the right
to receive any dividend or other distributions thereafter declared, made or
paid.
Application has been made to the London Stock Exchange for the Placing Shares to
be admitted to trading on AIM. It is expected that Admission will become
effective and that trading will commence tomorrow, 22 December 2005.
Graham Scott, Chief Executive of NWF commented: 'This successful placing,
raising £5.7 million (net of expenses) for the Company, will assist with the
financing of our plans for the Distribution division. We have broadened the
institutional shareholder base of the Company and I would like to welcome new
shareholders and thank existing shareholders for their support. We look forward
to updating all shareholders on the Company's performance at the time of our
interim results, to be announced in early February 2006.'
For further information please visit www.nwf.co.uk or contact:
Graham Scott, Chief Executive Mark Taylor John West / Claire Melly
NWF Group plc Charles Stanley & Co. Tavistock Communications
Tel: 01829 260 260 Tel: 020 7739 8200 Tel: 020 7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange