For Immediate Release 4 April 2008
Network Group Holdings plc (AIM:NGH)
Issue of Equity
Network Group Holdings plc ("Network Group"), one of the UK's largest
independent groups operating in the specialist recruitment and business
outsourcing markets, today announces that it has made an application for the
admission of 484,988 ordinary shares of 0.1p each ("Shares") in connection with
the acquisition of a 51 per cent. stake in Cactus Search Limited, a Worcester
based recruitment business which places individuals from a wide range of
disciplines into the UK Call Centre market.
Admission of these Shares is expected to become effective, and trading in them
is expected to commence, at 08.00 a.m. on 9 April 2008.
-ENDS-
For Further Information:
Network Group T: 01676 525 300
Jonathon Smith, Chief Executive E: jon.smith@networkgroupholdings.co.uk
Paul Doona, Finance Director W: www.networkgroupholdings.co.uk
Daniel Stewart & Company plc T: 020 7776 6550
Graham Webster E: graham.webster@danielstewart.co.uk
W: www.danielstewart.co.uk
Waughton T: 020 7796 9999
Robin Hepburn E: rhepburn@waughton.com
W: www.waughton.com
Notes to Editors:
Network Group is one of the UK's largest independent groups operating in the
specialist recruitment and business process outsourcing markets. The Group
provides permanent, temporary and contract solutions to employers of diverse
sizes and sectors as well as payroll, credit management and IT services. It
comprises 24 operating subsidiaries, the majority of which were de-merged from
Pertemps Group Limited in January 2004. The Group was admitted to AIM in
September 2007.
END
© 2008 PR Newswire
