Source - RNS
RNS Number : 0600J
Work Group plc
06 September 2016

6 September 2016


Work Group plc

(the "Company" or the "Group")


AGM Statement


At the AGM due to be held at 11.00 am today, the Chairman, Simon Howard, will read the following statement:


''We continue to progress our efforts to complete a suitable acquisition that would be classified as a reverse takeover under the AIM Rules for Companies and fulfil our investing strategy as set out in our announcement of 31 December 2015 and repeated in our annual report.


I can confirm that negotiations in this regard are continuing and if these and our due diligence are successful, the publication of an AIM Admission Document would be required in relation to the enlarged entity and the transaction would be conditional on shareholder approval.  An announcement will be made in the event that such an acquisition is agreed.


However, I regret that I am unable to make any further comment nor answer any other questions relating to this matter."





Work Group

Simon Howard, Executive Chairman

Tel: +44 (0)20 3700 9210

Allenby Capital Limited

(Nominated Adviser & Broker)

Jeremy Porter

James Thomas

Tel: +44 (0)20 3328 5656


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