NextGen Group PLC - Result of EGM

RNS Number:1463R
NextGen Group PLC
31 March 2008

NextGen Group plc ("NextGen" or the "Company")

Results of General Meeting

NextGen announces that, at the General Meeting of the Company held earlier
today, Shareholders passed all the resolutions, as detailed in the circular sent
to Shareholders dated 7 March 2008.

The Company is also pleased to announce that, further to the announcement made
on 7 March 2008, the placing of 500,000,000 ordinary shares of 0.1p each (the
'Placing Shares') through its Broker, Ellis Stockbrokers Limited, at 0.3p per
share to raise £1,500,000 (before expenses), has now been completed. All of the
500,000,000 Placing Shares, which represent 23.35 per cent of the enlarged
issued share capital, have been subscribed for by Family Trust Select - FIS -
Teilfonds Zeus, a Luxembourg fund managed Family Trust Management Company
S.a.r.l. Family Trust select now holds 40.84% of enlarged issued share capital
of the Company.

The Placing Shares are expected to be admitted to trading on the AIM market of
the London Stock Exchange on 4 April 2008.

In addition, the Company has granted 166,666,667 warrants, each over 1 ordinary
share of 0.1p each with an exercise price of 0.3 pence per share to Family Trust
Select (the 'Warrants'). The Warrants are exercisable for 3 years from the date
of grant.

For further details please contact:
Dr Michael Pisano
CEO, NextGen Group PLC 01480 410 850

Jonathan Wright/Nicola Marrin
Seymour Pierce Limited 020 7107 8000

This information is provided by RNS
The company news service from the London Stock Exchange

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