SIXH.L Regulatory News (SIXH)

30 Nov 2007 07:01

600 Group PLC30 November 2007 30 November 2007 The 600 Group PLC ('600 Group' or the 'Company') Response to PTG Statement The board of 600 Group (the 'Board') has noted the announcement on 29 November2007 by Precision Technology Group Ltd ('PTG') stating that PTG has no intentionof making an offer for the Company. After consultation with the Takeover Panel, the Board confirms that the Companyis no longer deemed to be in an Offer Period for the purposes of the City Codeon Takeovers and Mergers. Commenting, Martin Temple, Chairman of 600 Group, said: "We are pleased that the lack of clarity or certainty regarding PTG'sintentions, created by its announcement on 5 October 2007, has now beenresolved. The Board did not consider that PTG's indicative approach representedacceptable value for 600 Group shareholders. The Board remains very confident ofthe Company's prospects and will be updating shareholders on the continuingimplementation of the Company's stated strategy in the near future." Enquiries: The 600 Group PLC Tel: +44 (0) 113 277 6100Andrew Dick, Chief Executive Altium Tel: +44 (0) 20 7484 4102Ben Thorne / Tim Richardson Hudson Sandler Tel: +44 (0) 20 7796 4133Nick Lyon / Wendy Baker Altium, which is authorised and regulated in the United Kingdom by the FinancialServices Authority, is acting exclusively for 600 Group and for no one else inconnection with the matters referred to in this announcement and is not advisingany other person or treating any other person as its client in relation theretoand will not be responsible to anyone other than 600 Group for providing theprotections afforded to clients of Altium, or for giving advice to any otherperson in relation to any matter or arrangement referred to in thisannouncement. This information is provided by RNS The company news service from the London Stock Exchange