The Directors of OspreyFrank plc have today sent the attached Circular and Notices of Meetings to
Shareholders.
Trading has continued to be difficult and the Directors have been unsuccessful in their attempts to secure further financing for the Group.
After taking advice, they have agreed to sell the two trading subsidiaries to their existing management teams to preserve the jobs in those companies.
The Directors have agreed to waive all monies owed to themselves for outstanding salaries and loans and the Independent Directors have been advised that the offer from the existing management teams is the best offer that they could expect to receive in the current circumstances.
Following the sale, the Directors would also urge you to agree to place OspreyFrank plc into a Creditors
Voluntary Liquidation and to confirm the appointment of Baker Tilly to manage that process.

distributed by