Notice of General Meeting (3647B)

TIDMNGH

RNS Number : 3647B

Network Group Holdings PLC

16 February 2011

Network Group Holdings plc ("Network" or the "Company")

Request for General Meeting

Network Group Holdings plc ("Network" or the "Company") announces that, following receipt of a valid request from a Shareholder, the Company has today posted a circular to shareholders convening a General Meeting of the Company to approve the removal of the Auditor from office.

The General Meeting will be held at the Company offices, being Meriden Hall, Main Road, Meriden, Coventry, West Midlands CV7 7PT on 21 March 2011 at 9.00 am.

In accordance with AIM Rule 26 a copy of the circular is available on the Company's website: www.networkgroupholdings.co.uk

Definitions used in this announcement are the same as those set out in the circular to shareholders.

1. Background to and reasons for the Proposal

On 15 February 2011 the Board of Network received special notice in accordance with section 511 of the Act from one of the Shareholders, Timothy Watts, for a resolution to remove the Auditor from office. The Company has sent a copy of the notice to the Auditor.

The Proposal is subject to Shareholder approval, which is being sought at the General Meeting. To be effective, the Resolution must be passed on a show of hands or on a poll by a simple majority of those Shareholders present in person or (being a corporation) present by a duly authorised representative or by proxy and voting at the General Meeting.

2. General Meeting

The General Meeting will be held at the Company offices, being Meriden Hall, Main Road, Meriden, Coventry, West Midlands CV7 7PT on 21 March 2011 at 9.00 am.

If the Resolution is passed at the General Meeting, the Board intends to appoint Mazars as auditor of the Company to fill the casual vacancy in the office of auditor. If so appointed, Mazars would hold office until the conclusion of the Annual General Meeting of the Company to be held in 2011, unless they are reappointed at such meeting.

For further information please contact:

 
 Network Group Holdings plc 
  Spencer Jones                01676 525 000 
 Nominated Adviser 
  Arden Partners plc 
  Steve Douglas                0121 423 8943

This information is provided by RNS

The company news service from the London Stock Exchange

END

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