1st Sep 2006 14:50
Management Consulting Group PLC01 September 2006 Not for release, publication or distribution in or into the United States ofAmerica, Australia, Canada or Japan. Management Consulting Group PLC Completion of acquisition Management Consulting Group PLC (the ''Company'') is pleased to announce thesuccessful completion of the acquisition of Ineum Conseil et Associes S.A.("Ineum") (the ''Acquisition''). Due to a change in the number of sellers ofshares in Ineum, the Company has reduced the number of its ordinary shares beingissued as consideration by a total of 632,639 ordinary shares so that only80,388,159 new ordinary shares of 25 pence each (the "Consideration Shares")have been admitted to listing on the Official List and to trading on the LondonStock Exchange's market for listed securities. Following the issue of theConsideration Shares, the total number of ordinary shares of 25 pence each inthe capital of the Company now in issue is 270,589,930. Following the receipt of shareholder approval of a number of matters, includingthe Acquisition itself, at an Extraordinary General Meeting of the Company heldon 30 August 2006 and of the admission to listing and trading of theConsideration Shares as set out above, all conditions for completion of theAcquisition have now been satisfied and the Acquisition was completed today. The Company further announces that with effect from today, Mr Jacques Manardohas been appointed as a non-executive director of the Company. This appointmentwas first announced on 25 July 2006. There are no further details required to be disclosed under paragraph 9.6.13 Rof the Listing Rules. Enquiries Management Consulting Group PLC Kevin Parry Chief Executive 020 7710 5000Chris Povey Head of M&A Maitland Suzanne Bartch 020 7379 5151Peter Ogden This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MMC.L