7 Group PLC
30 August 2002
7 Group plc ('the Company')
Issue of equity and appointment of Director
The Company announces that at a board meeting held on 27 August 2002 45,000,000
ordinary shares of 0.25p per share have been allotted and issued to Miami
Building Limited and its associates for cash consideration of 0.25p per share.
This represents 29.7 per cent of the enlarged issued share capital of the
Application will be made as soon as practicable for the 45,000,000 ordinary
shares to be admitted to trading on the Alternative Investment Market of the
London Stock Exchange.
Following the issue of new ordinary shares, Paul Harvey, the current Chairman,
has tendered his resignation from the Company with immediate effect.
The Company is today pleased to announce the appointment of Mario Palmonella,
aged 39 as a Director of the Company with immediate effect.
Set out below are the details of the current directorships held by Mr
Blue Engineering Limited
MEP International PLC
Blue Engineering SRL
John Hackwood & Partners Limited
Save as disclosed above there are no further matters to be disclosed on behalf
of Mr Palmonella under Schedule 2 (f) of the AIM Rules of the London Stock
This information is provided by RNS
The company news service from the London Stock Exchange