HIT Hitchens Grp

RNS Number:2798J
Hitchens Group PLC
05 December 2007



                               Hitchens Group Plc
                                        
                          ('Hitchens' or 'the Company')
                                        
                      Proposed 1 for 10 Share Consolidation
                                        

Further to the admission of the Company's share capital to trading on AIM on
14th August 2007, the Board is pleased to announce its decision to carry out a
share consolidation broadly in line with the intended three month timeframe
suggested in the Admission Document.

The Company confirms that a circular has today been posted to shareholders in
order to seek their approval for a share  consolidation, whereby every 10
ordinary shares of 0.075p each will be consolidated into one new ordinary share
of  0.75p ("Consolidated Ordinary Shares").  The Directors believe that the
proposed consolidation is necessary in order to  improve the marketability of
the shares.

The Board has today applied for a further 4 ordinary shares of 0.075p each
("Ordinary Shares") to be admitted to  trading on AIM to ensure that the
Company's issued share capital is divisible by 10 for the consolidation. 
Admission  of the Ordinary Shares is expected to take place on 11 December 2007,
following which the Company will have  1,244,666,710 ordinary shares in issue.

The Company confirms the planned timetable for the proposed consolidation is as 
follows:

EGM to approve, inter alia, share consolidation       10.00am on 21 December 2007
                                                                            
Share consolidation record date                       5.00pm on 21 December 2007

Dealings commence on AIM in 
Consolidated Ordinary Shares of 0.75p each            24 December 2007

Crediting of uncertificated 
Consolidated Ordinary Shares of 0.75p each to 
CREST accounts (where applicable)                     24 December 2007

Despatch of definitive share certificates for                   
Consolidated Ordinary Shares of 0.75p each (where 
applicable)                                           By 7 January 2007


Subject to the approval of the Resolutions contained within the Circular the 
Consolidated Ordinary Shares of 0.75p each will trade under the new ISIN 
GB00B29Q2280, with effect from 24 December 2007.

Hitchens Group plc                                    Tel: 0161 487 5850
www.hitchensretail.com
Simon Fine

Daniel Stewart & Company plc                          Tel: 020 7776 6550
Graham Webster/Oliver Rigby

Bishopsgate Communications Ltd                        Tel: 020 7562 3350
Maxine Barnes/ Nick Rome/ Nick Farmer
hitchens@bishopsgatecommunications.com




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

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