CIU.L Regulatory News (CIU)

13 Dec 2007 12:36

Cape PLC13 December 2007 Cape PLC ('Cape' or the 'Company') CAPE PLC RECOMMENDED ALL-CASH OFFER FOR PCH GROUP LIMITED - OFFER UPDATE 13 December 2007 Following the announcement on 26 November 2007 that Cape's recommended offer forPCH Group Limited ('PCH') (the 'Offer') had become unconditional, Cape ispleased to announce that its subsidiary, Cape Australia Investments Pty Limited,has a relevant interest in over 90% of the shares in PCH. The Offer Period under the Offer will not be further extended and will end at5.00pm Perth time on 20 December 2007. As soon as possible following the end ofthe Offer Period, Cape will proceed with the compulsory acquisition of thoseshares in PCH that have not been accepted into the Offer before the end of theOffer Period. Cape is being advised by Caliburn Partnership and DLA Phillips Fox is Cape'slegal adviser. For further information, please contact: Cape PLCMartin May, Chief Executive +44 (0)1924 876 276 Bell Pottinger Corporate FinancialNick Lambert / Victoria Geoghegan +44 (0)20 7861 3232 / +44 (0)7811 358 764 Caliburn PartnershipSimon Mordant, Joint Chief Executive +61 2 9229 1410 / +61 411 406 229Andrew Thomson, Vice President +61 3 9935 6802 / +61 400 927 726 HawkpointChristopher Kemball, Vice Chairman +44 (0)20 7665 4551 / +44 (0)7768 878 529Chris Robinson, Managing Director +44 (0)20 7665 4598 / +44 (0)7971 614 609 Collins Stewart Europe LimitedMark Connelly/Stewart Wallace +44 (0) 207 523 8350 Third PersonAdrian Bradley +61 (0) 2 8298 6100 / +61 (0) 400 499 782 Notes to editors Cape PLC • Cape PLC is the parent company of a number of service providing organizations operating primarily in the oil and gas, petrochemical and power generation industries • In the year to 31 December 2006, Cape reported turnover of £295.5 million • Cape currently employs c. 10,000 people in 23 countries worldwide • Cape specialises in the provision of scaffolding, insulation, fire protection, specialist cleaning and other essential services to major industrial clients in the energy sector • Cape's ability to provide specialist cleaning services was enhanced by the acquisition of DBI Group Limited in October 2006 • On 23 April 2007, Cape's shareholders approved the placing of 26,923,077 ordinary shares at £2.60 per share to raise £70 million (before expenses) • On 6 June 2007, Cape acquired Total Rope Access International Limited • On 22 June 2007, Cape acquired Endecon Limited • On 31 August 2007 Cape acquired the Total Corrosion Control group of companies based in Australia • On 11 September 2007, Cape announced a recommended offer for Concept Hire, a company listed on the Australian Stock Exchange • On 13 September 2007, Cape announced an offer for PCH Group Limited • On 16 October 2007, Cape announced that its offer for Concept Hire had become unconditional. When the offer closed on 25 October 2007, Cape had received 96.22% acceptances. Cape is in the process of acquiring the remainder of Concept Hire's shares under the compulsory acquisition rules contained in the Australian Corporations Act • On 26 November 2007, Cape announced that its offer for PCH had become unconditional This information is provided by RNS The company news service from the London Stock Exchange