ClearView Wealth Limited

RNS Number : 5054N

Guinness Peat Group PLC

28 September 2012

 



GUINNESS PEAT GROUP PLC

("GPG" or the "Company")

ClearView Wealth Limited ("ClearView")

GPG announces that CCP BidCo Pty Ltd ("Bidder") has given notice in relation to the offer made under its off-market takeover bid for all of the ordinary shares in ClearView (the "Offer") that the Offer has been freed from all conditions contained in the Bidder's Statement and the Bidder's voting power in ClearView is now 72.07%.

GPG has previously accepted the Offer and expects to receive the proceeds in respect of its holding of 210,699,272 shares in ClearView on or about 26 October 2012. The share sale proceeds will be A$115.9m (£75.2m). GPG is also receiving additional dividend payments of A$8.4m (£5.5m).

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: [phone]

28 September 2012

Enquiry details are:

New Zealand and Australian media:               Geoff Senescall on:                 [phone]

UK media:                                                                   Kevin Smith on:                        [phone]

 

END

 

 

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