PGI Pgi Grp

 

TIDMPGI 
 
RNS Number : 0406U 
PGI Group PLC 
17 June 2009 
 

17 June 2009 
 
 
PGI Group PLC 
 
 
Provision of a facility for trading shares in the Company following de- listing 
 
 
The Company announced on 23 April 2009 that the directors of PGI Group PLC (the 
"Company") were proposing to seek shareholders' approval for the cancellation of 
the listing of the Company's shares on the Official List and of their trading on 
the London Stock Exchange (the "Listing"). The Company has now posted a circular 
to shareholders outlining the proposals in greater detail. 
 
 
The Company stated in the circular that it was exploring the possibility of 
providing after cancellation of the Listing a facility through the Company's 
website which would allow shareholders wishing to trade in the shares in the 
Company the opportunity to find a counterparty on a commission free basis. 
 
 
The Company confirms that, if the Listing is cancelled, it shall provide such a 
facility. Its main features will be as follows: 
 
 
1.         Shareholders will be able to inform the company secretary if they are 
interested in buying or selling 
 shares in the Company on a private sale 
basis. 
2.         The company secretary will, from time to time, post details on the 
Companys web page of shares that are available for purchase or whether there 
are any shareholders who may be willing to purchase shares. The identity of 
shareholders willing to purchase or sell shares will not be disclosed on the web 
page. 
3.         The relevant Company web page, which will be password protected, will 
contain a monthly summary of the numbers of shares sold and the corresponding 
average price per share but the Company will not itself have any involvement in 
the setting of the price. 
4.         Shareholders will be able to contact the company secretary to obtain 
the details of a party who has indicated an interest in either buying or selling 
shares. The company secretary will provide the relevant contact details as 
requested but the Company will not otherwise act as an intermediary between 
shareholders wishing to buy or purchase shares in the Company. 
5.         The Company will not charge any commission or other fee for the 
provision of the facility 
The Company intends to have the facility in place by the date on which the 
cancellation of the Listing becomes effective and will write to shareholders 
before that date to provide further details of this facility, including 
information on how a shareholder can obtain a password to access the relevant 
web page. 
 
17 June 2009 
 
 
For further information: 
 
 
+---------------------------------------+---------------------------------------+ 
| PGI                                   | 020 7236 6135                         | 
+---------------------------------------+---------------------------------------+ 
| Geoff Moores, Financial Director      |                                       | 
+---------------------------------------+---------------------------------------+ 
|                                       |                                       | 
+---------------------------------------+---------------------------------------+ 
| Panmure Gordon                        | 020 7459 3600                         | 
+---------------------------------------+---------------------------------------+ 
| Andrew Potts                          |                                       | 
+---------------------------------------+---------------------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCBDLFFKQBFBBX 
 

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