IMP Imprint

RNS Number:5366T
Hydrogen Group PLC
01 May 2008



                                                                      1 May 2008


                               Hydrogen Group plc
                                  ("Hydrogen")


        Lapsing Of Proposed Acquisition Of Imprint Plc ("Imprint")



The Board of Hydrogen Group plc announces that, in view of its decision not to
revise the offer for Imprint Plc, the scheme of arrangement under section
425 of the Companies Act 1985 in relation to the proposed acquisition has lapsed
in accordance with its terms.

The Board of Hydrogen also announces that the dispute referenced in an
announcement by Imprint on 8 April 2008 has been resolved to both parties'
satisfaction.  In recognition of this resolution, Hydrogen will not make any
contractual offer to acquire the share capital of Imprint for twelve months,
unless otherwise approved in writing by Imprint.  Hydrogen has also released the
irrevocable undertakings that were still held by it in connection with the
proposed acquisition.


Trading Update


In the year to date our profitability has remained in line with budget, we have
seen some weakness in Net Fee Income as a result of the current economic
climate, but our cost control has been firm. Traditionally the second quarter of
the year, particularly May and June, is a strong trading period. We will update
the market at the half year end on our progress.



Ian Temple, Executive Chairman of Hydrogen, commented:

"We remain committed to our proven strategy of further expanding our business
and developing our market leading specialist recruitment brands through organic
growth. We will continue to apply strict financial discipline in assessing
future acquisition opportunities, as and when they arise.  We are well placed to
address current market conditions through our diversified business model and our
focus on mid level professional recruitment."





Enquiries:



Hydrogen Group Plc                                        020 7240 2500
Ian Temple, Executive Chairman
Tim Smeaton, Chief Operating Officer

Oriel Securities                                          020 7710 7600
NOMAD to Hydrogen
David Arch / Natalie Fortescue

Hudson Sandler                                            020 7796 4133
Financial PR Advisers
Kate Hough





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