ZGP Z Grp

RNS Number:5573K
Z Group PLC
21 December 2007

Z GROUP PLC



21 December 2007

                                  Z GROUP plc

                          ("Z GROUP" or the "Company")


Posting of circular to shareholders convening a general meeting of the Company


The Company announces it has today posted a circular (the "Circular") to
shareholders concerning the proposed disposal of CallPal Limited, Net2Roam
Limited, Onshare Limited and Turbodial Limited, which comprise substantially all
of the trading assets of the Company, to Jack Bekhor and James True, who are
currently joint chief executive officers and directors of the Company (the "
Disposal") and various other matters (together the "Proposals") and containing a
notice convening a general meeting of the Company to be held at 11 a.m. on 7
January 2007 at the offices of Beachcroft LLP, 100 Fetter Lane, London EC4A 1BN.

The purpose of the Circular is to set out the background to the Disposal, to
explain why the Board of Z GROUP considers the Disposal to be in the best
interests of the Company and its Shareholders, to set out the Company's proposed
investing strategy following completion of the Disposal and to seek the approval
of shareholders of the Company for the Proposals at a general meeting of the
Company, which is required to approve and implement the Proposals.


A copy of the Circular is available from the Company's website at
www.zgroupplc.com


For further information:

Z GROUP plc

John Standen                                    Tel: +44 (0) 8700 111 173
(Chairman)

Duncan Neale                                    Tel: +44 (0) 8700 111 173
(Finance Director)

Landsbanki Securities (UK) Limited (NOMAD)
Jeff Keating / Tom Hulme                        Tel: +44 (0) 20 7426 9593
(Corporate Finance)




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