Completion of Acquisition
September 01 2006 - 10:50AM
UK Regulatory
RNS Number:3774I
Management Consulting Group PLC
01 September 2006
Not for release, publication or distribution in or into the United States of
America, Australia, Canada or Japan.
Management Consulting Group PLC
Completion of acquisition
Management Consulting Group PLC (the ''Company'') is pleased to announce the
successful completion of the acquisition of Ineum Conseil et Associes S.A.
("Ineum") (the ''Acquisition''). Due to a change in the number of sellers of
shares in Ineum, the Company has reduced the number of its ordinary shares being
issued as consideration by a total of 632,639 ordinary shares so that only
80,388,159 new ordinary shares of 25 pence each (the "Consideration Shares")
have been admitted to listing on the Official List and to trading on the London
Stock Exchange's market for listed securities. Following the issue of the
Consideration Shares, the total number of ordinary shares of 25 pence each in
the capital of the Company now in issue is 270,589,930.
Following the receipt of shareholder approval of a number of matters, including
the Acquisition itself, at an Extraordinary General Meeting of the Company held
on 30 August 2006 and of the admission to listing and trading of the
Consideration Shares as set out above, all conditions for completion of the
Acquisition have now been satisfied and the Acquisition was completed today.
The Company further announces that with effect from today, Mr Jacques Manardo
has been appointed as a non-executive director of the Company. This appointment
was first announced on 25 July 2006.
There are no further details required to be disclosed under paragraph 9.6.13 R
of the Listing Rules.
Enquiries
Management Consulting Group PLC
Kevin Parry Chief Executive 020 7710 5000
Chris Povey Head of M&A
Maitland
Suzanne Bartch 020 7379 5151
Peter Ogden
This information is provided by RNS
The company news service from the London Stock Exchange
END
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