PMG Parkmead Group (the) Plc

RNS Number:0048B
PC Medics Group PLC
10 September 2002

PC Medics Group Plc ("PC Medics" or "the Company") announces that it has issued
25,000,000 ordinary shares of 0.25p each to Roger Richardson, a director of the
Company, at 0.6p per share, for a total consideration of #150,000.  The price of
0.6p represents a premium of 42.8 per cent. to the mid market closing price of
the ordinary shares of 0.42p at the close of business on 9 September 2002, being
the latest practicable date prior to the release of this announcement.  The
proceeds of the issue will be used to provide working capital for the group.

Prior to the issue of these shares Mr Richardson held no shares of the Company.
Following the issue, he will hold approximately 15.75 per cent. of the enlarged
share capital of the Company.  The issue is a related party transaction (as
defined by the AIM Rules).  The directors of PC Medics, with the exception of
Roger Richardson (given his interest in the transaction), having consulted with
Corporate Synergy (its nominated adviser), consider that the terms of the
transaction are fair and reasonable insofar as the Company's shareholders are
concerned.

Application will be made for the 25,000,000 shares to be admitted to AIM.

For further information:

Robin Parker - 020 7242 0222


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