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10 Apr 2013 08:50
GUINNESS PEAT gROUP PLC
("GPG" or "the Company")
PEET LIMITED TAKEOVER OFFER FOR CIC AUSTRALIA LIMITED
GPG notes the announcement made today by Peet Limited (ASX: PPC) ("Peet") regarding Peet's off-market takeover bid for all the issued shares in CIC Australia Limited (ASX: CNB) ("CIC") ("Bid").
Pursuant to a pre-bid agreement, GPG has agreed to sell Peet 25,032,432 ordinary shares in CIC held by GPG, representing a 19.9% stake.
GPG intends to accept the Bid for its entire shareholding in CIC on or before 7 May 2013, subject to there being no superior proposal at that time.
Chris Healy
Company Secretary
Guinness Peat Group plc
Tel: +44 20 7484 3370
10 April 2013
Enquiry details are:
New Zealand and Australian media: Geoff Senescall on: +64 9 309 5659
UK media: Kevin Smith on: +44 20 7282 1054
Coats Group Plc (COA)
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