WNG Worthington Nic

RNS Number:1617X
Worthington Nicholls Group plc
24 May 2007



RNS Release

24 May 2007

                             EGM results and update

                   ("Worthington Nicholls" or "the Company")

Worthington Nicholls Group plc (AIM: WNG) announces that at the Extraordinary
General Meeting of the Company ("EGM") held today, all resolutions were duly
passed. The Company has therefore completed the placing of 11,764,706 new
Ordinary Shares at #1.70 per share, raising #20 million.

The new funds will be used for further identified acquisitions and to provide
additional working capital.

Worthington Nicholls is pleased to announce that the integration of the three
newly-acquired companies is progressing in line with original plans and that
there have been a number of contract successes since 1 May 2007.

Woods Environmental Limited ("Woods Environmental"), which was acquired with
Classic Interiors Contractors Limited ("Classic Interiors") and Euro Property
Services Limited ("EPS") in early May, has secured a major new office
refurbishment contract from major North West property developers Bruntwood
Estates.

The contract, valued at around #750,000, is for a full mechanical services
installation on an 80,000 square foot property in Bolton. The latest contract
was secured after Woods Environmental successfully completed another large
Bruntwood project in Leeds.

Worthington Nicholls in conjunction with EPS has also won a #1.3 million
contract to install and maintain air conditioning at the prestigious Connaught
Hotel in London. Work on the contract began earlier this month.

Classic Interiors and Lumenglow Limited ("Lumenglow"), a specialist electrical
contractor acquired late last year, have under joint tender, secured a #143,000
turnkey contract to fully refurbish a major retail outlet in Sloane Square,
London. The contract, which is for a new retail client, includes mechanical and
engineering works and shop-fitting on behalf of Antons Design.

Classic Interiors has also, as principle contractor, secured electrical and
mechanical and engineering works for an estimated total value of #330,000, to
convert offices back to bedrooms for LRG, an existing customer of Worthington
Nicholls, within the UK.

Lumenglow and Classic Interiors have also commenced operating from new premises
in Dartford, Kent.

Enquiries:

Worthington Nicholls                 0870 609 1829
Mark Worthington, Chief Executive
David Levis, Corporate Director

Blue Oar Securities                  020 7448 4400
Romil Patel/Rhod Cruwys

Gresham PR Ltd                       020 7404 9000

Neil Boom/Laura Black

Information on Worthington Nicholls can be accessed via the Group's website:
www.worthington-nicholls.co.uk



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

END
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