Quadrant Group Plc - Result of EGM

RNS No 2021r
QUADRANT GROUP PLC
29th May 1998


                   Quadrant Group PLC
                            
         Result of Extraordinary General Meeting

The  Board  of  Quadrant  Group PLC  ("the  Company")  is
pleased  to  announce  that at the Extraordinary  General
Meeting  of the Company, held at 1.00 pm on 29 May  1998,
the following Resolutions were duly passed to approve:-

the disposal of Quadrant Precision Manufacturing, Inc. on
the  terms  of  the conditional agreement dated  9  April
1998;

the  execution of a convertible loan stock deed  and  the
issue of convertible loan stock pursuant to that deed  to
a   related  party  as  described  in  the  circular   to
shareholders  of  the  Company dated  6  May  1998  ("the
Circular"); and

the  Directors  of  the  Company be  authorised  for  the
purpose  of  Section  80  of the Companies  Act  1985  to
exercise  all the powers of the Company to allot relevant
securities  and in respect of equity securities  provided
that  the  authority and power hereby conferred shall  be
limited   to  the  allotment  of  equity  securities   in
connection  with an issue of equity securities  up  to  a
maximum nominal value of #110,000 in favour of holders of
the  convertible loan stock as described in the  Circular
on exercise of their conversion rights.

Contact:
Tim Redfern
Tel [phone]

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