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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.