Holding(s) in Company

    RNS Number : 9076A
  Wallgate Group PLC
  07 August 2008
   

    Immediate Release: Thursday 7 August 2008


    Wallgate Group PLC

    ("Wallgate" or the "Company")

    Holding in the Company


    The Company was notified on 31 July 2008 that Nicholas Levene has today transferred his entire holding of 7,452,717 ordinary shares of
0.75p each in the Company to Blenheim Properties Group Limited (these shares were held by Redmayne Nominees Limited on behalf of Mr Levene).
These shares, which represent 3.6% of the issued ordinary share capital of the Company, are subject to an orderly market undertaking from Mr
Levene which expires on 5 April 2009. Blenheim Properties Group Limited has entered into an orderly market undertaking in respect of such
shares on similar terms to those agreed by Mr Levene and which also expires on 5 April 2009. 


    -Ends-


    
 Enquiries:                                                                   
 Wallgate Group plc                                                           
 Howard Strowman, Chief Executive                      tel: +44(0)20 7559 1313
 Simon Fine, Finance Director                           tel: +44(0)1204 706624
                                                                              
 Strand Partners Limited                              tel: +44(0) 20 7409 3494
 Simon Raggett                                                                
                                                                              
 St Helens Capital Limited                            tel: +44(0) 20 7628 5582
 Ruari McGirr                                                                 
                  
                                                                              
 Hansard Group                                        tel: +44(0) 20 7245 1100
 Adam Reynolds                                                                
 John Bick                                                                    




    About Wallgate Group plc (AIM ticker: WGT.L) 
    Wallgate Group provides outsourcing services to major manufacturers, retailers and distributors with whom it works in partnership to
maximize their net asset recovery percentage on consumer returns. Through its 'RevShare' service Wallgate provides an end-to-end solution
for returns management including store collection, inventory management, refurbishment, repackaging and remarketing of consumer returns back
across all marketing channels including online, principally for higher value consumer electronics goods. Wallgate has a wide customer base
for remarketed products which includes major high street and online retailers.


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