Belgo Group PLC
21 December 2000
Belgo Group Plc ('Belgo' or 'the Company')
Results of Extraordinary General Meeting
The Company announces that at the Extraordinary General Meeting held today,
the resolution proposed in respect of the proposed off-market share buy-back
from Avado Brands Inc. at a price of 2.85p per share ('the Repurchase') was
duly passed. Completion of the Repurchase and subsequent cancellation of
Avado's shareholding in Belgo, which amounts to 203,233,460 ordinary shares
and represents approximately 19.8 per cent. of the Company's issued share
capital, is expected to occur today. Following completion of the Repurchase,
Belgo's issued ordinary share capital will amount to 822,641,214 ordinary
shares.