NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

22 December 2014

DAISY GROUP PLC

("Daisy" or the "company")

RESIGNATION OF DIRECTORS

Further to the announcement made by Chain Bidco plc on 9 December 2014 that it had acquired or had received valid acceptances of the Offer in respect of, in aggregate, 261,230,066 Daisy Shares (representing approximately 97.85 per cent. of the total issued share capital of the Company), Peter Dubens, Christina Kennedy, Laurence Blackall and Ian McKenzie have resigned as directors of the Company with effect from 19 December 2014.

Matthew Riley, current CEO and now Executive Chairman of Daisy commented:

"I would like to thank Peter, Christina, Laurence and Ian for the contribution they have each made to Daisy's successful execution of its acquisition-led strategy since its Admission in 2009.  The guidance and support they have given during this period has helped to deliver shareholders 185 pence per Daisy Share under the terms of the Offer, compared to the placing price in July 2009 of 80 pence per Daisy Share, an increase of 131.3 per cent. I wish each of them every success in their future ventures."

Terms used but not defined in this announcement shall have the meaning given to them in the Offer Document dated 17 November 2014.

Enquiries:

Liberum

Tel: +44 (0) 20 3100 2000

Steve Pearce/Tom Fyson          

Redleaf

Tel: +44 (0) 20 7382 4730

Rebecca Sanders-Hewett

Jenny Bahr

Notes to Editors:

About Daisy Group plc

Daisy Group plc (AIM: DAY) (the "Group") is a leading provider of IT services and unified communications to businesses. The Group provides unified communications across a product portfolio including data, mobile, systems, maintenance and voice, offering an end to end solution for all business communications needs.

For more information on the Group please visit www.daisygroupplc.com


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