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LEP GROUP ANNOUNCES PROPOSED TEMPORARY ALTERATION TO BORROWING POWERS SECTION 142 OF THE COMPANIES ACT 1985

 LEP GROUP ANNOUNCES PROPOSED TEMPORARY ALTERATION TO BORROWING
 POWERS SECTION 142 OF THE COMPANIES ACT 1985
 GREENWICH, Conn., March 25 /PRNewswire/ -- The board of Lep Group plc (NASDAQ-NMS: LEPGY) today sent to the shareholders of the company a circular containing notices of two extraordinary general meetings, both to be held on April 10, 1992 to seek shareholders' approval for a proposed temporary alteration to the borrowing powers contained in the company's Articles of Association and to consider the steps the board proposes to take to address section 142 of the Companies Act 1985.
 Lep's ordinary shares trade in the form of ADRs on the NASDAQ National Market System.
 -0- 3/25/92
 /CONTACT: William R. Berkley, 203-629-2880, or John East, in Epsom, England, 011-44-3727-29595, both of Lep Group; or Tim Lebus of Chaterhouse Bank, in England, 011-44-071-248-8000/
 (LEPGY) CO: Lep Group plc ST: Connecticut IN: SU:


TS-TQ -- NY022 -- 1452 03/25/92 10:51 EST
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Publication:PR Newswire
Date:Mar 25, 1992
Words:155
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