JLF.L Regulatory News (JLF)

7 Feb 2005 16:38

Jelf Group PLC07 February 2005 Date: 7 February 2005On behalf of: Jelf Group PLC ("Jelf Group" or "the Company") For immediate release Jelf Group plcDirectors' Dealings The Board of Jelf Group PLC, an established corporate intermediary, announcestoday that, due to demand from the vendors of the recent acquisition, employeesand one institution, Chris Jelf, Chairman, and Peter Elliot, Healthcare ManagingDirector, have agreed to sell the following tranches of shares to meet thisdemand: Chris Jelf sold 316,000 shares at 90p per share on Monday 7 February 2005. He isnow interested in 2,789,200 shares or 20.86% (previously 23.22%) of the issuedshare capital. Peter Elliot sold 109,000 shares at 90p per share on Monday 7 February 2005. Heis now interested in 783,500 shares or 5.68% (previously 6.68%) of the issuedshare capital. Commenting Chris Jelf, Chairman, said: 'Following demand from an institutionalinvestor, employees and the vendors of our recent acquisition and as the Companyhad no requirement to raise further funds by the issue of new shares PeterElliot and I decided to release a small portion of our equity to fulfil thisdemand.' For further information: Redleaf Communications Tel: 020 7955 1410Emma Kane/Sanna Lehtinen Mob: 07876 338339 Notes to Editors: • The Group has developed a corporate support infrastructure that has enabled it to make a number of acquisitions over the last four years. These acquisitions span all core areas of the Group's business and have been made to either supplement existing operations or acquire a corporate client base that can be utilised by the enlarged Group. The significant acquisitions were as follows: o 2000 - IFM - IFA based in Bristol - relocated to Yate, Bristol; o 2001 - Corporate Healthcare Management - Healthcare partnership; o 2002 - Spring Gate Insurance - Purchase of a book of commercial insurance; o 2003 - Richard Levinge Associates - IFA business based in Cheltenham; o 2003 - SLF Insurance (Services) Ltd - Purchase of a book of commercial insurance; o 2003 - Kallender Walwyn Ltd - Purchase of commercial insurance business based in Trowbridge; and o 2003 - Pontin and Stein - Corporate Healthcare partnership o 2004 - YouatWork - Healthcare book of business o 2004 - Managed Healthcare Ltd - acquisition of independent Somerset based brokerage specialising in healthcare and private medical insurance o 2005 - Arnold Wills - acquisition of independent financial advisor based in Somerset • Further information is available on Jelf at the Company's website: www.jelfgroup.com. This information is provided by RNS The company news service from the London Stock Exchange