Acquisition Completed

Delling Group PLC 13 February 2007 For release 7.00am 13 February 2007 DELLING GROUP PLC (DLG.L) The AIM-listed marketing support services group Acquisition completed Delling Group PLC ('Delling' or the 'Company'), the only listed marketing support services group on AIM whose principal assets are in Scandinavia, announces that it has issued a total of 14,843,633 new Ordinary Shares of 1p to complete the acquisition of Sandbergs Exhibition Group AB ('SEG'), originally announced on 16 October 2006. Application has been made for admission of the new Ordinary Shares to trading on the AIM market of the London Stock Exchange. The new Ordinary Shares will rank pari passu with the existing ordinary shares of the Company. Dealings in the new Ordinary Shares are expected to commence on 17 February 2007. Of the shares issued, 3,343,633 have been issued to the vendors of SEG as part consideration. The remaining 11,500,000 have been issued to a combination of existing and new institutional and retail investors in Norway for cash at 10 pence per share, raising £1.15m gross of expenses, of which £0.8m will also be paid to the vendors of SEG. This amount is £10,000 less than previously announced due to a beneficial movement in the exchange rate. The Directors believe that the placing to Norwegian investors shows a growing demand for Delling's shares in one of its operating countries. The placing is a potential precursor for a dual listing on the Norwegian stock exchange. Although such a listing would not occur until early 2008, it is something the Board will consider over the coming months. Amongst the institutions investing is that of the pension fund of Tine, the Scandinavian dairy products group, which is now interested in a total of 13,250,000 ordinary shares in the Company, which represent approximately 8.0 per cent. of the issued share capital of the Company. These shares are held in the name of MP Pensjon. Commenting, Aksel Bratvedt, Chairman of Delling Group, said: 'I am delighted to complete another successful acquisition bringing to the Group further earnings and synergies. The placing into the Norwegian investor market marks Delling's growth as a business and offers the exciting potential of giving Delling access to an additional pool of investors. Since 2004, Delling has acquired seven businesses and has increased its turnover tenfold through acquisitions and organic growth. The Company is pleased to report that the rate at which exciting target opportunities continue to present themselves has increased and accordingly, we continue to invest heavily, in both time and money, to investigate such opportunities thoroughly and to ensure their smooth integration, so as to guarantee the optimum return. Indeed, it is pleasing to note that increasingly, opportunities are brought to Delling, reflecting the Company's increased profile.' ENDS For further information please contact: Contact: Delling Group Plc Aksel Bratvedt, Executive Chairman Tel 020 7484 6160 James Robinson, Finance Director Tel 020 7484 6160 Adventis Financial PR Tarquin Edwards Tel: 020 7034 4758 Peter Binns Tel: 020 7034 4760 This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings