Result of General Meeting and Company Update

 

TIDMREAL 
 
RNS Number : 5790P 
Real Office Group PLC 
19 July 2010 
 

19 July 2010 
 
Real Office Group 
("ROG" of the "Company") 
 
 
The Board of ROG is pleased to announce that at the Company's General Meeting 
held on 16 July 2010 all resolutions were passed including the capital reduction 
to create a strong balance sheet going forward.  The expected date of the court 
hearing to confirm the reduction and cancellation of the share premium account 
is 18 August 2010 and the reduction is expected to become effective on 19 August 
2010. 
 
Company Update 
 
- The restructure of Real Office Group is ongoing and will result in a 
significant reduction in overhead for the current financial year. 
 
- Pacific Interiors London has traded strongly and has put in a very creditable 
performance in line with management's expectations. 
 
- Pacific India continues to both grow and trade profitably. 
 
- The order book for Pacific India and Pacific UK remain strong 
 
- The wholly owned Pacific businesses in the Middle East have been liquidated 
 
- Paddy Greenwood has stepped down from the Board of the Company, effective from 
16th July 2010 and will continue to advise the group on a consulting basis. 
 
Roger Smee, Chairman of Real Office Group plc concluded "The restructuring that 
ROG has implemented over the past six months provides the group with a much 
reduced overhead and with a framework for growth going forward. Performance so 
far in 2010 has been strong and we are optimistic about performance in 2011." 
 
Real Office Group plc 
Roger Smee, Chairman 
Philip Brady, Finance Director 
0207 822 0989 
 
Cenkos, Nominated Advisor to the Company 
Nick Wells/Elizabeth Bowman 
0207 397 8900 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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