WMK Journey Grp

    RNS Number : 2872A
  Watermark Group PLC
  31 July 2008
   
    Journey Group plc
    ("Journey Group", "Group" or the "Company")

    Confirmation of application for admission to AIM

    Journey Group, a provider of in-flight catering and products to the airline, travel and hospitality industries, is pleased to announce
that it has secured a credit facility from Ford Motor Credit Company of up to $3.5 million to purchase the fleet of specialist trucks it
requires in order to fulfil its obligations under the United Contract.  As a result, the Directors have no reason to believe that the
working capital available to the Company or its Group will be insufficient for at least twelve months from the date of Admission.

    Accordingly, the Company has applied for the cancellation of the listing of its Ordinary Shares on the Official List of the UK Listing
Authority and trading on London Stock Exchange plc's main market for listed securities with effect from 8.00 am on 29 August 2008. 

    The Company will also complete the process of applying for application to trading of its Ordinary Shares on AIM. Such admission is
expected to take effect at 8.00 am on 29 August 2008.

    Terms defined in the Company's circular to shareholders dated 8 July 2008 have the same meaning in this announcement.

    For further information, please contact:

    
 Journey Group plc                Tel: +44 (0) 20 8606 2000
 Stephen Yapp,Executive Chairman                           
                                                           
 KBC Peel Hunt Ltd                Tel: +44 (0) 20 7418 8900
 Oliver Scott                                              
 David Anderson                                            
                                                           
 Tavistock Communications         Tel: +44 (0) 20 7920 3150
 Jeremy Carey                                              
 Matt Ridsdale                                             


    APPENDIX I
    EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 Last day of dealings in the Ordinary Shares on                 28 August 2008
 the Official List
 Cancellation of Listing                           8.00 a.m. on 29 August 2008
 Admission and first day of dealings in the        8.00 a.m. on 29 August 2008
 Enlarged Share Capital on AIM
 CREST accounts credited for the Placing Shares                 29 August 2008
 and Bond Conversion Shares in uncertificated
 form
 Despatch of definitive share certificates (where             5 September 2008
 applicable) by


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