GAR Garner

    RNS Number : 5152J
  Garner PLC
  04 December 2008
   

    4 December 2008
    Garner Plc
    ("Garner" or the "Company")
    Completion of Acquisition
    Change of Chairman
    Cancellation of Trading in the Company's Preference Shares
    Admission of Ordinary Shares to Trading on AIM
    Further to the announcement yesterday and following the passing on 2 December 2008 of the resolutions at a general meeting of the
Company's shareholders and a class meeting of the Company's preference shareholders, the Company is pleased to announced the completion of
the acquisition of the NB Companies and the admission to trading of the enlarged share capital of the Company to AIM.
    The enlarged group now has a total of 34 consultants and over 100 clients, including 14 in the FTSE 250. The Directors believe that it
is now one of the largest providers of executive search in the UK.  
    As set out in the circular to shareholders dated 7 November 2008 (the "Circular"), John Bartle has stepped down as Chairman of the
Company but is remaining on the board as the senior non-executive director. Andrew Garner has been appointed Executive Chairman and Sue
O'Brien has been made Managing Director of the Company. 
    The Company's preference shares have now all been converted into ordinary shares, as set out in the Circular, and trading in the
preference shares on AIM has been cancelled.
    A total of 32,702,863 ordinary shares of 1 pence each have been issued in respect of the placing and the conversion of the preference
shares and the Company's issued share capital is now 70,855,541 ordinary shares of 1 pence each. Admission of the Company's shares is now
effective and trading will begin at 8.00am today, 4 December 2008. 
    The interests of the Directors and of the significant shareholders in the Company are set out below:
 Director                    Number of Ordinary  Percentage of Issued Share Capital
                                         Shares
 Andrew Garner                       15,571,707                              21.98%
 Richard Robinson                     5,053,019                               7.13%
 Sue O'Brien                          1,295,238                               1.83%
 Bruce Lakefield                      2,436,667                               3.44%
 John Bartle                          8,810,487                              12.43%
 Significant Shareholders
 Charles Auld                         5,000,000                               7.06%
 Roy Stanley                          4,300,000                               6.07%
 Jagdish Sharma                       3,797,000                               5.36%
    For further information please contact:
 Garner plc:                     Andrew Garner, Executive Chairman         Tel: 020 7629 8822
                                 Caroline Mallin, Communications Director

 Dowgate Capital Advisers        James Caithie                             Tel: 020 7492 4777
 Limited:                        Antony Legge

 St Helen's Capital Plc:         Ruari McGirr                              Tel: 020 7628 5582
                                 Mark Anwyl

    Web site: www.garnerinternational.com

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