Result of EGM

Prime People PLC 03 January 2006 For immediate release 3 January 2006 PRIME PEOPLE plc ('Prime People' or the 'Company') RESULT OF EGM On 9 December 2005, Prime People plc announced the acquisition of Macdonald, a leading independent professional recruitment consultancy focused on the commercial property sector. At the Extraordinary General Meeting of Prime People, which took place earlier today, all resolutions put to shareholders to effect the Acquisition were duly passed. Among the resolutions was the proposal to simplify the Company's capital structure by the consolidation of every 10 issued Ordinary Shares into one New Ordinary Share. Resolution 8 was not put to the meeting and Robert Macdonald, Peter Moore and John Lewis have been appointed as directors by the Board of Directors of the Company with effect from Admission of the New Ordinary Shares. As a result of the passing of the resolutions, the shareholders of Macdonald and the holders of Macdonald Share Options have become entitled to 7,155,593 New Ordinary Shares, representing 66.01 per cent. of the Enlarged Share Capital. It is expected that Admission of the New Ordinary Shares will become effective and that dealings in the Enlarged Share Capital will commence on AIM on 4 January 2006. -Ends- All terms in this announcement are defined as set out in the Admission Document. For further information: Prime People 020 7831 5297 Simon Murphy Chris Heayberd Macdonald Robert Macdonald 020 7318 5874 Peter Moore 020 7318 5873 WH Ireland 0161 832 6644 David Youngman / Robin Gwyn Hogarth Partnership 020 7357 9477 James Longfield / Georgina Briscoe Notes to Editors Macdonald is one of the UK's leading independent professional recruitment consultancies, focused predominantly on the commercial property sector. Founded in 1994, Macdonald currently employs around 80 staff in London and Manchester and serves a wide variety of property related clients including leading consultancies, financial institutions, investment funds, property companies and developers, as well as central and local government and other government agencies. Macdonald is the only recruitment consultancy to be approved by the Royal Institution of Chartered Surveyors ('RICS'). This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings