Disposal Update

RNS Number : 0343C

Parity Group PLC

26 August 2008

 

26 August 2008

Parity Group plc

Disposal update

The Board of Parity Group plc ('Parity' or the 'Company') notes the announcement by Xpertise Group PLC ('Xpertise') that the resolution to approve the acquisition of Parity Training Limited ('Parity Training') was not approved by Xpertise's shareholders at its extraordinary general meeting held today and that Xpertise will therefore not be completing the acquisition of Parity Training.  As a result, the Company confirms that the disposal of Parity Training to Xpertise will now not proceed.

The Company also announces that it will now release its interim results for the six months ended 30 June 2008 on 29 August 2008.

Enquiries:

Parity Group plc Alwyn Welch, Chief Executive Officer Ian Ketchin, Finance Director	0845 873 6942
Arbuthnot Securities Limited Alastair Moreton/Richard Tulloch	020 7012 2000
The Hogarth Partnership John Olsen/Sarah Richardson/Ian Payne	020 7357 9477

 

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