2 Apr 2008 11:59
Guinness Peat Group PLC02 April 2008 Guinness Peat Group plc Guinness Peat Group plc ("GPG") announces that, following the closure today ofits offer to acquire shares in Gosford Quarry Holdings Limited ("Gosford"), GPGnow owns 52,025,448 shares which is 90.17% of Gosford's issued share capital.Gosford is now a subsidiary of GPG. Gosford is an Australian company listed on the Australian Securities Exchange. Gosford is Australia's largest producer of quality dimensional sandstone. Itowns and operates quarries throughout Australia in dimension stone, sandfill andsand and gravel. It has an annual output of dimension stone of 8,000 cubicmetres and in excess of 600,000 tonnes of sand and gravel, and sandstone fill. Gosford's gross assets at 30 June 2007 were A$65.8 million (£27.8 million) andits net profit for the year to that date was A$0.7 million (£0.3 million). Gosford has appointed GPG's Dr Gary Weiss and Mr Graeme Cureton to its Board. J R RussellCompany SecretaryGuinness Peat Group plcTel : +44 207 484 3370 2 April 2008 This information is provided by RNS The company news service from the London Stock Exchange