MRD Meriden Grp

RNS Number:6035I
Meriden Group PLC
07 September 2006



                        Meriden Group Plc ("the Company")                                       
                                 Trading Update

Further to the trading update announcement made on 4 September 2006, the
Directors report that, despite receiving notification at 5.00pm on Friday 1
September that the legal advisors for Seafrance SA ("Seafrance") were taking
their client's instructions as to whether or not they were prepared to enter the
informal compromise agreement which has been proposed in respect of residual
creditors of the Logistics division, they have still received no response.

The Directors have continued to press Seafrance's solicitors for confirmation of
their client's position and are disappointed to report this has not been
forthcoming. In the absence of such clarification and ever mindful of the going
concern issues that may result from the pending winding up petition that
Seafrance has issued, the Directors have resolved to take the precautionary step
of making an application to the court for the Company and its wholly owned
subsidiary, Meriden Holdings Limited, to be placed into administration. The
application was filed today at Birmingham High Court.

In connection with this development, the Company has today requested that
trading on AIM in its ordinary shares be suspended forthwith.

Further update announcements will be made in due course.

Enquiries:

Russell Stevens, Chief Executive Tel: 07860 562621

Jonathan Wright, Seymour Pierce Tel: 020 7107 8000




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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