Rose : Result of EGM

Wednesday 17 December 2014

Rose Group Limited

(AIM: RGI)

RESULTS OF EXTRAORDINARY GENERAL MEETING

Cancellation of admission of ordinary shares to trading on AIM

Third party matched bargain trading facility

Rose Group Limited  ("Rose Group" or the "Company") announces that all of the resolutions proposed to shareholders at the Company's Extraordinary General Meeting held earlier today, including a special resolution to cancel admission of trading of the Company's Ordinary Shares on AIM (the "Delisting"), were duly passed. 

Accordingly, the De-Listing is expected to occur with effect from   7:00am GMT on 29 December 2014.     

Rose Group has appointed Britdaq Limited to provide a matched bargain trading facility (the "Share Matching Facility") commencing from 29 December 2014. Under this Share Matching Facility, Shareholders or other persons entitled to do so in accordance with the terms of the Share Matching Facility wishing to acquire or dispose of Ordinary Shares will be able to leave an indication on the Britdaq website that they are prepared to buy or sell at an agreed price. In the event that Britdaq is able to match that order with an opposite sell or buy instruction, Britdaq's stockbroker Walker Crips will contact both parties and then effect the bargain.  To use the matching service, you must register at www.Britdaq.com, then follow the links to apply for Gold Membership, which is available online. Membership is free.

The Company will be posting to Shareholders full details of this Share Matching Facility, and details of which will also be available on the Company's website: www.rosegroup.ru/en

If Shareholders wish to buy or sell Ordinary Shares on AIM they must do so prior to the Cancellation becoming effective.

Computershare will continue to provide CREST and registrar services to the Company.

Enquiries:

About Rose Group

Rose Group has been successfully creating new markets in Moscow real estate since 1993.  The Company's innovative drive played a key role in the transformation of Moscow's Golden Mile in the 1990s, when new landmark buildings were constructed that set the benchmark for modern living and working spaces in the rapidly changing Russian capital. Today the Company is focused on serving Moscow's growing middle class professionals by building aspirational, design led, residential communities. Its pioneering Microgorod V Lesu project has set new standards for the Moscow residential sector by offering homebuyers a well configured development, with good facilities and apartments finished to a high quality. In addition to its distinctive residential properties, Rose Group developed, owns and operates Tsvetnoy Central Market, Moscow's first iconic department store on Tsvetnoy Boulevard.