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LEP GROUP REPORTS RESULT OF EXTRAORDINARY GENERAL MEETING AND ANNUAL GENERAL MEETING

 LEP GROUP REPORTS RESULT OF EXTRAORDINARY GENERAL MEETING
 AND ANNUAL GENERAL MEETING
 GREENWICH, Conn., Aug. 25 /PRNewswire/ -- The board of Lep Group plc (ADRs - NASDAQ-NMS: LEPGY), which has been advised by Charterhouse Bank Limited, announced that, at an extraordinary general meeting of the company this morning, a resolution was passed approving the restructuring arrangements and amending the company's borrowing powers. In addition, resolutions to re-elect D. N. James and M. Kirkman as directors of the company were passed at the annual general meeting of the company, also held this morning.
 David James, chairman and chief executive officer of Lep, said:
 "The restructuring arrangements have taken many months of negotiation with Lep's banks and I am delighted that they have now been approved by shareholders. The company can now focus its efforts on developing Lep's core businesses of freight forwarding and security services and on enhancing the prospects for the group and its shareholders.
 "I would like also to take this opportunity to thank Lep's principal bankers for their continuing support of the group and, in particular, National Westminster Bank Plc, who acted as coordinator."
 In preparation of this press release, Charterhouse Bank Limited is acting exclusively for Lep Group plc. Charterhouse Bank Limited is not acting for any other persons and will not be responsible to them for providing protections afforded to the customers of Charterhouse Bank Limited or advising them on the contents of this press release.
 Lep's ordinary shares trade in the form of ADRs on the NASDAQ National Market System under the symbol "LEPGY".
 -0- 8/25/92
 /CONTACT: John East of Lep, in London, 011-44-3727-29595; or George V. Flagg, 203-531-3500, for Lep/
 (LEPGY) CO: Lep Group plc ST: Connecticut IN: SU: RCN PER


GK-OS -- NY024 -- 2956 08/25/92 10:50 EDT
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Publication:PR Newswire
Date:Aug 25, 1992
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