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Pin to quick picksCoats Regulatory News (COA)

Coats Information

Share Price Information for Coats (COA)

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Share Price: 85.70
Bid: 85.00
Ask: 85.30
Change: -0.90 (-1.04%)
Spread: 0.30 (0.353%)
Open: 86.60
High: 86.90
Low: 85.00
Prev. Close: 86.60
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Conditional Cash Offer

12 Jul 2012 09:26

RNS Number : 5149H
Guinness Peat Group PLC
12 July 2012
 



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

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEAPXAFFKAEEF
456789101112
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456789101112

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