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Service Office Group plc 

(the 'Company')

Result of AGM and Capital Reorganisation

The Company is pleased to announce that, at the Annual General Meeting of the Company held on this day, all the resolutions were duly passed.

As set out in the announcement of the purchase of Consort Property Holdings Limited on 30 June 2009, following the passing of the resolutions the capital re-organisation of the Company's ordinary shares will now proceed. The capital reorganisation will amend the nominal value of the Company's ordinary shares from 5p to 1p. 

The new 1p ordinary shares will have the same rights as those currently accruing to the existing ordinary shares under the Company's Articles of Association, including those relating to voting and entitlement to dividends. The capital reorganisation should not affect the market value of the shareholder's aggregate holding of ordinary shares in the capital of the Company. Further as all issued ordinary shareholdings in the Company will be subject to the capital reorganisation, Shareholders' percentage holdings in the issued share capital of the Company will remain unchanged. Existing share certificates for the ordinary shares will remain valid following the capital reorganisation.

The 4p deferred shares being created from the capital reorganisation have limited rights and are unlikely to have any value. The resolutions passed have amended the Company's Articles of Association (including inserting new provisions relating to the rights attaching to the deferred shares) 

Application will be made to the London Stock Exchange for the 88,006,334 new ordinary shares to be admitted to trading on 31 July 2009. 

The proposed timetable to effect the capital reorganisation is as follows:

Latest time and date of dealings in existing ordinary shares	4.30 p.m. on 30 July 2009
Capital reorganisation record date	5.00 p.m. on 30 July 2009
Admission and first day of dealings in new ordinary shares	31 July 2009
Expected date on which new ordinary shares issued pursuant to the capital reorganisation will be credited to CREST stock accounts in uncertificated form	31 July 2009

 

Following the capital reorganisation the total issued share capital of the Company consists of 88,006,334 ordinary shares of 1p each, all with voting rights. No shares are held in treasury at the date of this announcement. The total number of current voting rights in the Company is therefore 88,006,334. The above figure of 88,006,334 ordinary shares may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FSA's Disclosure and Transparency Rules.

24 July 2009

  ENQUIRIES:          

Serviced Office Group plc	Tel: 020 7583 8833
Michael Kingshott, Chairman
Evolution Securities Limited	Tel: 020 7071 4300
Bobbie Hilliam
College Hill	Tel: 020 7457 2020
Gareth David

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