PMA Premier Man.

TIDMPMA

RNS Number : 3925A

Premier Management Holdings PLC

29 March 2012

For immediate release: 29 March 2012

Premier Management Holdings plc

("Premier" or the "Company")

(to be renamed Premier Gold Resources plc)

Result of General Meeting and approval of Rule 9 Whitewash

Premier Management Holdings, the Central Asia-focused gold exploration and development company, is pleased to announce that all resolutions proposed at the General Meeting of the Company held today were duly passed.

In line with the Company's new strategy Shareholders approved the acquisition of the entire issued share capital of Central Asia Resources Limited (the "Acquisition") which brings with it the Company's first major gold exploration project, the Cholokkaindy licence, situated on the highly prospective Tien Shan Gold Belt in Kyrgyzstan.

Amongst the resolutions also passed was the approval by shareholders of a waiver by the Panel on Takeovers of the obligation to make a mandatory offer under Rule 9 that would otherwise have fallen on the concert party. The waiver was voted on a poll and 107,363,185 votes were cast in favour, with nil votes against. Following admission the concert party members will collectively be interested in 203,582,539 ordinary shares, representing 33.26 per cent. of the enlarged share capital of the Company.

Shareholders also approved the renaming of the Company as Premier Gold Resources plc.

The Acquisition will complete tomorrow subject to admission. Dealings in the ordinary shares and warrants of the Company will commence at 8am tomorrow.

Enquiries:

 
 Premier Management Holdings Plc 
 Gerry Desler, Chairman                Tel: +44 (0) 
                                        1279 731037 
 
  Libertas Capital Corporate Finance 
  Limited - Nominated Adviser 
 Thilo Hoffmann / Sandy Jamieson       Tel: +44 (0) 
                                        20 7569 9650 
 
  Rivington Street Corporate Finance 
  - Broker 
 Jon Levinson                          Tel: +44 (0) 
                                        20 7562 3384 
 M: Communications 
 Ben Simons / Maria Souvorov           Tel: +44 (0) 
                                        20 7920 2340 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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