MRD Meriden Grp

RNS Number:2520C
Meriden Group PLC
16 August 2007


                               Meriden Group Plc

                          ('Meriden' or 'the Company')

             New directors appointment and substantial shareholder

Meriden is pleased to announce the appointment of Richard Charles Payne and
Stephen Howard Black as directors with immediate effect. The Company also
announces that Russell Stevens, the current sole director of the Company, has
resigned with immediate effect in order to pursue other business interests. The
new directors would like to thank Russell for his contribution to the Company
and wish him every success in the future.

The new directors will be looking to implement the Investing Strategy as
detailed in the circular sent to shareholders on the 30 April 2007 with the
resolutions being duly passed at the AGM held on the 8th June 2007.

Richard, aged 46 is a Chartered Certified Accountant and corporate finance
director at Bennett Brooks & Co Limited, Chartered Accountants and Management
Consultants. Richard brings with him over 25 years of business experience with
over 12 years spent in the corporate finance arena.

Stephen, aged 49 is principal of Stephen Black Solicitors a niche corporate law
firm. Stephen brings over 24 years corporate legal experience acting for both
public and private companies.

Richard Payne is a director of Bennett Brooks & Co Limited and Bennett Brooks
Company Secretarial Services Limited and, in the last five years, was a director
of Bennett Brooks & Co (North Wales) Limited.

Stephen Black is a director of SKB Nominees Limited, CSB Nominees Limited,
Hurstdale Services Limited and LAR Eastern Limited. In the past five years,
solely in the capacity of establishing companies for the clients of his legal
practice, Stephen was a director of Danay Limited, V3 PVT Limited, Technology
and Evolution Limited, Carton Craft (Holdings) Limited, Dunham Scaffolding
Limited, Bokent Limited, AMB Holdings Limited, The Coaching Bureau Limited, Cool
Gifts for Kids Limited, Sacha Corporation Limited and Biltoneton Limited.

Richard Payne holds 150,000 ordinary shares in the Company (with an equal amount
of voting rights).

There are no further disclosures required pursuant to schedule 2 (g) of the AIM
Rules.

Meriden has also been advised that European Commercial Trust Limited ("ECTL")
holds 84,500,000 ordinary shares in the Company (with an equal amount of voting
rights) which represents 24.5 per cent of the issued share capital of Meriden.
These shares have been acquired from Russell Stevens who, following the sale of
84,500,000 shares to ECTL, no longer holds any ordinary shares in the Company.

In addition, Mr John Fitzgerald, a director of ECTL, holds 10,000,000 ordinary
shares in Meriden on trust for ECTL. Accordingly, ECTL is interested in a total
of 94,500,000 ordinary shares in Meriden, representing 27.4 per cent. of the
issued share capital of Meriden.

Meriden also announces that its registered office has been changed to St Georges
Court, Winnington Avenue, Northwich, Cheshire CW8 4EE.

For further information, please contact:

Richard Payne, Executive Director Tel 01606 721300

Jonathan Wright, Seymour Pierce Tel 0207 1068000




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

END
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