TSEG Tse Grp.

    RNS Number : 0303E
  TSE Group PLC
  22 September 2008
   



    FOR IMMEDIATE RELEASE  22 September 2008   

    TSE Group Plc
    ("TSE" or the "Company")
    Result of General Meeting and Placing

    On 19 August 2008 the Board of TSE announced that through its broker, Dowgate Capital Stockbrokers Limited ("Dowgate"), TSE had
conditionally placed 190,000,000 new ordinary shares of 0.1p each ("Ordinary Shares") at a placing price of 0.17p per Ordinary Share (the
"Placing Price") to raise �323,000 (before cash expenses) subject to admission (the "Placing"). Subsequent to the Placing, the Company
received additional conditional subscriptions for in aggregate a further 17,700,000 new Ordinary Shares at the Placing Price to raise a
further �30,090 (before cash expenses). 

    The Placing was conditional, inter alia, on the passing at a general meeting (the "General Meeting") of the Company of the necessary
enabling resolutions to authorise the Company to issue shares for cash, which was held earlier today. All the resolutions were passed and
accordingly the placing can now be completed. 

    In addition, the Company will, as previously announced on 19 August 2008, issue a further 10,000,000 new Ordinary Shares to Dowgate
pursuant to Dowgate's commission arrangements in respect of the Placing. Application has been made therefore for a total of 217,700,000 new
Ordinary Shares to be admitted to trading on AIM, which will rank pari passu with the existing Ordinary Shares. Trading in the new Ordinary
Shares on AIM is expected to commence on or around 29 September 2008. The enlarged issued share capital of the Company will amount to
801,600,000 Ordinary Shares.

    The additional conditional subscriptions referred to above, include a conditional subscription by Brian Blasdale, a non-executive
director of the Company, for 3,000,000 new Ordinary Shares at the Placing Price. Following completion of the Placing today, Brian Blasdale
will be interested in a total of 8,333,333 Ordinary Shares representing 1.04 per cent. of the Company's enlarged issued share capital.

    For further information, please contact:

    TSE Group plc 
    Tel: 0207 245 1100
    Paul Foulger, Finance Director
    www.tsegroupplc.com

    Beaumont Cornish Limited
    Tel: 0207 628 3396
    Michael Cornish

    Dowgate Capital Stockbrokers Ltd
    Tel: 020 7492 4799
    Dru Edmonstone


    Note to Editors:

    TSE Consulting SA is a wholly owned subsidiary of TSE Group plc, a company traded on AIM, a market operated by the London Stock
Exchange. TSE Group plc will, through increased organic growth and acquisitions over the coming years, become a vertically integrated group
of specialised companies providing high level consultancy services to governments and organising committees. TSE Consulting SA is the
platform upon which the rest of TSE Group plc is based. TSE Group plc is committed to offering the complete range of services for
governments and organising committees involved in major sports events.

    ENDS

This information is provided by RNS
The company news service from the London Stock Exchange
 
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