600 Group PLC
30 November 2007
30 November 2007
The 600 Group PLC ('600 Group' or the 'Company')
Response to PTG Statement
The board of 600 Group (the 'Board') has noted the announcement on 29 November
2007 by Precision Technology Group Ltd ('PTG') stating that PTG has no intention
of making an offer for the Company.
After consultation with the Takeover Panel, the Board confirms that the Company
is no longer deemed to be in an Offer Period for the purposes of the City Code
on Takeovers and Mergers.
Commenting, Martin Temple, Chairman of 600 Group, said:
"We are pleased that the lack of clarity or certainty regarding PTG's
intentions, created by its announcement on 5 October 2007, has now been
resolved. The Board did not consider that PTG's indicative approach represented
acceptable value for 600 Group shareholders. The Board remains very confident of
the Company's prospects and will be updating shareholders on the continuing
implementation of the Company's stated strategy in the near future."
Enquiries:
The 600 Group PLC Tel: +44 (0) 113 277 6100
Andrew Dick, Chief Executive
Altium Tel: +44 (0) 20 7484 4102
Ben Thorne / Tim Richardson
Hudson Sandler Tel: +44 (0) 20 7796 4133
Nick Lyon / Wendy Baker
Altium, which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for 600 Group and for no one else in
connection with the matters referred to in this announcement and is not advising
any other person or treating any other person as its client in relation thereto
and will not be responsible to anyone other than 600 Group for providing the
protections afforded to clients of Altium, or for giving advice to any other
person in relation to any matter or arrangement referred to in this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
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