Issue of Equity

RNS Number : 9820R

Mountfield Group plc

01 September 2010

 



Press Release                                                                      01 September 2010

Mountfield Group plc

("Mountfield" or the "Company")

Issue of Equity and Appointment of Consultant

Mountfield Group Plc (AIM:MOGP), the AIM listed construction group, announces that it has issued 4,000,000 new ordinary shares of 0.1p each ("Ordinary Shares") at an issue price of 3p per share to Peter Frohlich, who will join the Company as a Consultant. Application has been made for the shares to be admitted to trading on AIM with admission expected to take place on 7 September 2010. Following the issue of the new shares there will be 175,311,787 shares in issue

The Board of Mountfield look forward to Peter Frohlich's involvement in the Company, Peter Frohlich is a respected figure in the property sector; He is a retired Chartered Certified Accountant and has been involved in the property business for over 40 years.

Graham Read the CEO of Mountfield Group plc said "Peter brings with him a wealth of experience having been closely involved in a number of high profile property projects and has excellent and extensive experience in the commercial and residential property sectors and property finance. As a diversified building contract group, Mountfield look forward to leveraging this experience as it continues to develop opportunities in a broad range of construction work projects.

For further information:

Mountfield Group plc Graham Read, Chief Executive Officer Peter Jay, Executive Chairman www.mountfieldgroupplc.com	Tel: [phone]
Arbuthnot Securities Limited Tom Griffiths Ed Gay	Tel: [phone]
Media enquiries: Hudson Sandler Nathan Field [e-mail]	Tel: [phone]

 

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