Result of EGM

    RNS Number : 1753H
  Wren Homes Group PLC
  31 October 2008
   

    31 October 2008


    WREN HOMES GROUP PLC 
    ("Wren" or the "Company") (WHG/L)

    Result of EGM

    Wren Homes Group Plc, the AIM quoted developer of Extra Care retirement living, together with a range of care and domiciliary services
for the independent and active elderly, is pleased to announce that all resolutions required to approve the investment of �4 million in the
Company (the "Investment") by Wainford Holdings Limited ("WHL") were duly passed at an Extraordinary General Meeting of the Company held
earlier today. Resolution 1 was approved by independent Shareholders on a poll as follows:

 Resolution  Votes for   % of votes for  Votes against  Total votes cast
 1           26,058,961  99.87           33,500         26,092,461

    Following the EGM the subscription by WHL for 10,000,000 new Ordinary Shares of 10p each at a price of 10p per share has been completed
and application has been made to the London Stock Exchange for these new Ordinary Shares to be admitted to trading on the AIM Market of the
London Stock Exchange. Admission is expected to take place on 6 November 2008. The Company has also received the convertible loan of �3
million from WHL (the "Convertible Loan").

    The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.

    Following the issue of these shares, Wren has 51,922,387 fully paid Ordinary Shares in issue. In accordance with the Disclosure and
Transparency Rules, Wren confirms that its issued share capital as at the date of this announcement comprises 51,922,387 Ordinary Shares of
10p each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the share capital of Wren under the Disclosure and Transparency Rules. 

    WHL has informed the Company that, following the issue of 10,000,000 new Ordinary Shares, is interested in 10,102,500 Ordinary Shares in
Wren equivalent to 19.46 per cent. of the enlarged issued share capital of the Company. Under the terms of the Convertible Loan, WHL may
convert the Convertible Loan into up to 30,000,000 new Ordinary Shares at any time during the five year term of the loan. As detailed in the
circular to Shareholders relating to the Investment, such conversion could result in WHL holding 40,102,500 Ordinary Shares in Wren which
would represent 48.95 per cent. of the then issued share capital (assuming no further issues of shares).

    Following the passing of the resolutions at the EGM, Dominic Wainford and James Butterfield have been appointed to the Board of Wren
with immediate effect. 

    Paul Treadaway, Chief Executive of Wren, commented:

    "I am delighted that our shareholders have approved this significant injection of capital into Wren and the appointment of Dominic
Wainford to our Board. Dominic's experience and background in the industry and his substantial investment into the Group, represents a very
pleasing endorsement of the Company and of its ambition to roll out its Extra Care retirement living model. I also welcome James Butterfield
to the Board and look forward to his continued excellent contribution to the Company's growing success."

    He continued: "I believe that the investment and changes to the Board, alongside Wren's positioning and focus within its markets, with
its new and innovative model in the retirement living sector, will provide the Company with an excellent platform upon which to further
develop its business and capitalise on opportunities in our sector".
    * For more information on Wren's Extra Care model, please see the Company's website at www.wrenhomesplc.co.uk
    Enquiries: 

 Wren Homes Group plc
 Paul Treadaway           Tel: 01372 742 244
 CEO
 www.wrenhomesplc.co.uk 

 Shore Capital 
 Pascal Keane             Tel: 020 7408 4090

 Adventis Financial PR
 Tarquin Edwards          Tel: 020 7034 4758/59 07879 458 364 / 07979 604 687
 Chris Steele


    Information in relation to new Directors 
    Dominic Mark Joseph Wainford (41)
    Dominic Wainford joined The Tilt Estate Company Limited in 1985. At the date of sale of that company to BPT Limited, a subsidiary of
Grainger plc, in 2007 he was both owner and managing director of the company. From 2001 to 2008 he was a director of Willowone Limited, a
building company employing a range of contractors to carry out building renovations, extensions and maintenance to properties within the
Tilt Estate portfolio. In 1997 he founded Wainford Holdings Limited which he continues to run as an investment company.

    Dominic Wainford has, through WHL, a beneficial interest in 10,102,500 Ordinary Shares in the Company, representing 19.46% of the issued
share capital of that class.

    Names of all companies and partnerships of which Dominic Wainford has been a director or partner at any time in the last five years: 

    Current
    Wainford Holdings Limited
    Willowone Limited
    Percy One Limited
    Harcourt Pty Limited
    9 Ravine Road Pty Limited
    Wainford Holdings SA Pty Limited
    Repli Pty Limited
    Wheatfield Pty Limited
    Winchester Pty Limited
    Stanford House Pty Limited
    Artova 5 Pty Limited

    No longer current
    -

    James Montford Victor Butterfield (63) BSC (Econ) MBA
    James Butterfield joined 3i plc in 1969 and, over a ten-year period, became an area manager and subsequently a local director. Since
leaving 3i plc, he has, for over 25 years, specialised in advising small and medium sized companies on a range of matters including stock
market listings, mergers and acquisitions, fund raising and corporate recovery work. He is non-executive Chairman of Marinetrack Holdings
plc, an AIM quoted company which provides satellite based tracking solutions and services to the commercial and recreational maritime
markets, and a non-executive director of Essentially Group Limited, an AIM quoted sports management and marketing business, in which he was
actively involved in the early development of, what is now, one of the world's largest Rugby Union and Cricket player management businesses.
He has been involved with the Company as Company Secretary since September 2006.

    James Butterfield holds 1,320,000 options each over a new Wren Ordinary Share exercisable at a price of 15p. 

    Names of all companies and partnerships of which James Butterfield has been a director or partner at any time in the last five years: 

    Current
    Belgravia Telecom Limited
    Essentially Group Limited
    MarineTrack Limited
    MarineTrack Holdings Plc

    No longer current
    Eldon Pet Supplies Limited

    - James Butterfield is a director of Smart Asian Media Limited which was put into liquidation on 17 October 2003. Mr. Butterfield was
appointed as a director of Smart Asian Media Limited on 11 September 2003 in an effort to effect a corporate rescue. Within a short period
it had become clear that the company was insolvent and the directors appointed an administrator. Smart Asian Media Limited is currently in
liquidation. 

    - James Butterfield was a director of Assured Heritable Securities plc when a liquidator was appointed in July 1996. The company was
dissolved on 10 March 1999 with a shortfall to creditors of �803,497.

    - James Butterfield undertook an Individual Voluntary Arrangement ("IVA") in 1997. The supervisor of the IVA was PricewaterhouseCoopers
and this was completed in May 2002. 

    Save for the information as set out above there are no further disclosures as required by paragraph (g) of Schedule Two to the AIM Rules
of the London Stock Exchange in relation to either Dominic Wainford or James Butterfield.


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