Change of Name

 

TIDMWHG 
 
RNS Number : 3032B 
Wren Homes Group PLC 
23 October 2009 
 

 
 
 
 
+-------------------------+-------------------------+-------------------------+ 
| FOR IMMEDIATE RELEASE   |                         |         23 October 2009 | 
+-------------------------+-------------------------+-------------------------+ 
 
 
 
 
WREN HOMES GROUP PLC (AIM: WHG) 
("Wren" or "the Group") 
 
 
Wren Homes Group Plc, the AIM listed provider of retirement living, through a 
range of Extra Care and other services for the independent elderly 
 
 
Proposed change of name to Wren Extra Care Group Plc 
 
 
Adoption of New Articles of Association 
and 
Notice of General Meeting 
 
 
Wren Homes Group Plc, the AIM listed provider of retirement living, through a 
range of Extra Care and other services for the independent elderly, has today 
sent a circular to shareholders in order to seek Shareholder approval to change 
the name of the Company to 'Wren Extra Care Group Plc' and also to adopt new 
articles of association compliant with the Companies Act 2006. A General Meeting 
has been convened for 10.30 am on 17 November 2009 at Oaks House, 12/22 West 
Street, Epsom. Surrey, KT18 7RG to seek Shareholder approval for each of these 
proposals. 
 
 
Proposed change of name 
The Company has decided to seek a change of name to more accurately reflect the 
changed nature of its mainstream business.  Over the last few years the Company 
has increasingly moved its focus towards the "retirement homes" market. 
 
 
Due to overwhelming demographic pressure and driven by government policy there 
is an increasing need for the provision of suitable housing for the growing 
number of elderly people in the UK who wish to continue to live in their own 
homes.  The Company is now moving into the Extra Care retirement sector, an 
offering which sits between older style retirement housing and full residential 
and care homes, which are typically very expensive. 
 
 
This enables people to benefit from enhanced security and the opportunity to 
avail themselves of 
increasing levels of domiciliary and healthcare services. The Company has moved 
towards providing these services for its new retirement housing schemes, which 
are called Extra Care Schemes. The Company therefore proposes to change its name 
to Wren Extra Care Group Plc. 
 
 
Subject to the relevant resolution being passed, the name of the Company will be 
changed at Companies House on 17 November 2009 and the Company's Ordinary Shares 
will trade under the new name with effect from 18 November 2009. No new share 
certificates will be issued in respect of the existing Ordinary Shares held in 
certificated form. Shareholders should retain their existing share certificates 
which will continue to be valid. 
 
 
Proposed new articles of association 
The existing articles of association were adopted in 2006.  Since then there 
have been a number of changes to company law as a result of the ongoing 
implementation of the Companies Act 2006.  These changes required numerous 
changes to the existing articles of association to bring them up to date.Rather 
than propose a resolution to approve all the required amendments, the Board has 
been advised that it is easier to adopt a new set of articles of association 
which reflect the latest provisions of the Companies Act 2006. The Circular 
contains a schedule which explains the provisions in the new articles of 
association which differ from the existing articles of association. 
 
 
-ENDS- 
 
 
Enquiries: 
 
 
+--------------------------------------+---------------------------------+ 
| Wren Homes Group plc                 |                                 | 
+--------------------------------------+---------------------------------+ 
| Paul Treadaway, CEO                  | Tel: [phone]              | 
+--------------------------------------+---------------------------------+ 
| www.wrenhomesplc.co.uk               |                                 | 
+--------------------------------------+---------------------------------+ 
|                                      |                                 | 
+--------------------------------------+---------------------------------+ 
| Shore Capital (Nominated Adviser)    |                                 | 
+--------------------------------------+---------------------------------+ 
| Pascal Keane                         | Tel: [phone]              | 
+--------------------------------------+---------------------------------+ 
|                                      |                                 | 
+--------------------------------------+---------------------------------+ 
| Peckwater PR                         |                                 | 
+--------------------------------------+---------------------------------+ 
| Tarquin Edwards                      | Tel: [phone]              | 
+--------------------------------------+---------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 CANILFFLIELVFIA