CIU.L Regulatory News (CIU)

21 Jun 2007 08:02

Cape PLC21 June 2007 Cape PLC ("Cape" or the "Company") Cape PLC (AIM:CIU) notes the announcement made earlier today by PCH Group Limited ("PCH") to the Australian Stock Exchange and confirms that it has resumed talks with the Board of PCH which may or may not lead to Cape making a recommended offer for PCH. These discussions are preliminary, and there can be no certainty that an offer for PCH will be made. Further announcements will be made as appropriate. ENDS For further information, please contact:Bell Pottinger Corporate & FinancialNick Lambert +44 (0)20 7861 3232 / +44 (0)7811 358 764Caliburn PartnershipSimon Mordant, Joint Chief Executive +61 2 9229 1410 Notes to editors * 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. 8,200 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 24 April 2007, Cape completed a placing, of 26,923,077 ordinary shares at £2.60 per share to raise approximately £70m before expenses * On 6 June 2007, Cape announced the acquisition of Total Rope Access International Limited This information is provided by RNS The company news service from the London Stock Exchange