Acq. of minority interests

Empresaria Group PLC 10 October 2005 Empresaria Group plc ('Empresaria') announces that it has agreed to acquire minority shareholdings in its subsidiary companies, Social Work Associates Ltd ('SWA')and Greycoat Placements Ltd ('GCP'). SWA and GCP specialise in the recruitment of social workers and domestic staff respectively. The acquisition of the minority shareholdings is made pursuant to an original agreement between Empresaria and the employee shareholders of both companies and a subsequent agreement between the same parties made earlier this year. The consideration was satisfied by the issue of Ordinary shares of 5p each in the capital of Empresaria. After the acquisition Empresaria will own 100 per cent. of SWA and 82.29 per cent. of GCP. This information is provided by RNS The company news service from the London Stock Exchange
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