Acquisition

Wilmington Group Plc
26 May 2000


Wilmington Group plc

 
The Group has received notice from minority shareholders in ETP Limited
('ETP'), a subsidiary of the Company, requiring it to purchase the 25 per
cent. of the share capital of ETP held by them under existing arrangements.
The consideration payable by the Group is £2,141,570 which will be satisfied
by the issue of 637,371 new ordinary shares in the Company and the payment of
£107,080.80 in cash. The number of new ordinary shares has been calculated in
accordance with the terms announced on 23 December 1999. On completion of the
transaction ETP will be a wholly owned subsidiary of the Company.
 
Application has been made to the UK Listing Authority and the London Stock
Exchange for the new ordinary shares to be admitted to listing and trading on
the Official List of the London Stock Exchange. It is expected that dealings
in the new ordinary shares will commence on 2 June 2000.