Last checked at 12 Jul 2012 09:26
GUINNESS PEAT GROUP plc
("GPG" or "the Company")
ANNOUNCEMENT
GPG made the following announcement today to the Australian Securities Exchange and the New Zealand Main Market.
Chris Healy
Company Secretary
Guinness Peat Group plc
Tel: +44 20 7484 3370
12 July 2012
GUINNESS PEAT GROUP PLC
("GPG" or the "Company")
GPG notes that ClearView Wealth Limited has today received a conditional cash offer for all of the outstanding shares in the Company at a price of A$0.50 per share.
GPG holds 210.7m shares, representing 47.8 per cent of the issued capital in ClearView Wealth Limited.
In GPG's opinion, the price offered represents a substantial discount to the fair value of ClearView Wealth Limited and is wholly inadequate.
Chris Healy
Company Secretary
Guinness Peat Group plc
Tel: +44 20 7484 3370
12 July 2012
Enquiry details are:
New Zealand and Australian media: Anthony Eisen (CIO) on: +61 (0) 405 159 888
Geoff Senescall on: +64 9 309 5659
UK media: Kevin Smith on: +44 20 7282 1054