Premier Farnell plc: Extraordinary General Meeting

Premier Farnell plc: Extraordinary General Meeting 


LEEDS, England, February 9  /PRNewswire-FirstCall/ -- Premier Farnell plc (the
"Company") announces that the resolution to amend the Company's articles of
association to enable the Company to de-register from the US Securities and
Exchange Commission ("SEC") was passed at today's Extraordinary General
Meeting.

246.7 million votes (96.7%) in favour of the resolution and 7.7 million votes
against (3.04%) were cast by proxy. 0.7 million votes were withheld.

The Company will not be able to file for de-registration from the SEC unless
and until the number of US shareholders, whether directly or through nominees,
falls below 300 with respect to each of the ordinary and preference shares as
separate classes. Furthermore, the number of US shareholders in each class must
remain below 300 after de-registration in order to avoid re-commencement of SEC
reporting requirements.

The amendment to the articles of association gives the Company's board the
power to require ordinary shares or preference shares which are held by US
shareholders to be sold to non-US persons. If the board decides to exercise the
compulsory transfer power, it will do so with the objective of reducing the
number of US shareholders of each class to below 300. It is not expected that
the compulsory transfer power will be exercised prior to the Company's
announcement in March 2005 of its preliminary results for the financial year
ended 30 January, 2005.

Copies of the Company's articles of association, as amended, and the resolution
passed at the Extraordinary General Meeting will shortly be available for
inspection at the UK Listing Authority's Document Viewing Facility, which is
situated at: 

  Financial Services Authority
  25 The North Colonade
  Canary Wharf
  London E14 5HS
  Tel: [phone]


DATASOURCE: Premier Farnell Plc



CONTACT:  Enquiries: James Garthwaite, Group Director, Communications,

Premier Farnell plc, [phone]

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