Parkmead Group (The) PLC
20 February 2007
The Parkmead Group plc ('Parkmead' or the 'Group')
Sale of The Respond Group Limited for £2.1 million
The Board of The Parkmead Group plc is pleased to announce the sale of its
holding in Respond Group Limited ('Respond') for a total consideration of £2.1
million before expenses. The Group's holding in Respond was carried at £1.6
million.
Niall Doran, Chief Executive of Parkmead said:
'The sale of our portfolio assets is now substantially complete and our balance
sheet is further strengthened. The Group is now focused on its core strategies
of corporate finance, principal finance and business turnaround services.'
For further information:
Parkmead
Gordon Ashworth 020 7494 3080
Niall Doran 020 7494 3080
Madano Partnership 020 7593 4000
Matthew Moth
This information is provided by RNS
The company news service from the London Stock Exchange
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