GLN Glen Grp

RNS Number:1967L
Glen Group PLC
07 January 2008



7 January 2008

                                 Glen Group plc
                                ("the Company")
                                        
                               Completion of Sale

On 19 December 2007, the Company announced the proposed sale of the business and 
assets of each of Eclectic Group Limited and I G Software Limited for a 
consideration of up to �3.0m. As also announced, this transaction was approved 
by shareholders at an extraordinary general meeting of the Company held on 
4 January 2008. The sale has now been completed and the initial proceeds of 
�2.25m have today been received.

For Further Information:

Glen Group plc
Graham J Duncan, Chief Executive Officer                   0845 119 2100

Seymour Pierce Limited
Jonathan Wright                                            0207 107 8000




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

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