Direct Line Regulatory News (DLG)

6 Jan 2006 12:25

Delling Group PLC06 January 2006 For Release 6 January 2006 DELLING GROUP PLC The AIM-listed marketing services group Re: Directorate Delling Group PLC ("Delling" or "the Company"), the AIM-listed marketing support services group, announces that Michael Steven Hudgell has today resigned his directorship of the Company as a result of a change in strategic direction. Michael was appointed to build a replica of Delling Group in the UK based onacquisitions, following the success in Delling's Scandinavian markets. Following a strategic review of the Group in terms of its short to medium termdirection the Board of Delling has decided to change the focus of its expansionstrategy. In line with the announcement of 13 December 2005, the Group currentlyhas a range of exciting opportunities and prospects in Eastern Europe andScandinavia that it wants to pursue. The Board feels that the UK economy isentering an uncertain phase and, its ability to identify potential UKacquisition targets which might successfully see out any trading downturn,without requiring financial support from the Group, is challenging. Delling therefore intends to adopt a less aggressive entry into the UK market.The company will expand on the back of its Scandinavian customer base and mayseek one or two acquisitions that will create immediate synergies with theGroup's existing customer base in Scandinavia. The Board would like to thank Michael for his efforts and contribution toDelling Group. ENDS Contact:Delling Group PlcAksel Bratvedt, Chairman Tel: 020 7484 5663James Robinson, Finance Director Tel: 020 7484 5663 Binns & Co PR LtdTarquin Edwards/Peter Binns Tel: 020 7786 9600 This information is provided by RNS The company news service from the London Stock Exchange