Takeover Offer for CIC Australia Ltd

RNS Number : 9981B

Guinness Peat Group PLC

10 April 2013

 



GUINNESS PEAT gROUP PLC

("GPG" or "the Company")

PEET LIMITED TAKEOVER OFFER FOR CIC AUSTRALIA LIMITED

GPG notes the announcement made today by Peet Limited (ASX: PPC) ("Peet") regarding Peet's off-market takeover bid for all the issued shares in CIC Australia Limited (ASX: CNB) ("CIC") ("Bid"). 

Pursuant to a pre-bid agreement, GPG has agreed to sell Peet 25,032,432 ordinary shares in CIC held by GPG, representing a 19.9% stake.

GPG intends to accept the Bid for its entire shareholding in CIC on or before 7 May 2013, subject to there being no superior proposal at that time.

Chris Healy

Company Secretary

Guinness Peat Group plc

Tel: [phone]

10 April 2013

Enquiry details are:

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

UK media:                                                      Kevin Smith on:                        [phone]

 

END

 

 

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