17/09/2014 03:35:11 Free Membership Login

PCH - Update

Date : 06/21/2007 @ 4:02AM
Source : UK Regulatory (RNS & others)
Stock : Cape (CIU)
Quote : 282.0  3.0 (1.08%) @ 3:20AM
Cape PLC share price Chart

PCH - Update

RNS Number:7617Y
Cape PLC
21 June 2007


Cape PLC ("Cape" or the "Company")

Cape PLC (AIM:CIU) notes the announcement made earlier today by PCH Group 
Limited ("PCH") to the Australian Stock Exchange and confirms that it has 
resumed talks with the Board of PCH which may or may not lead to Cape making a 
recommended offer for PCH. These discussions are preliminary, and there can be 
no certainty that an offer for PCH will be made.

Further announcements will be made as appropriate.

ENDS

For further information, please contact:
Bell Pottinger Corporate & Financial
Nick Lambert                                           +44 (0)20 7861 3232 /
                                                       +44 (0)7811 358 764
Caliburn Partnership
Simon Mordant, Joint Chief Executive                   +61 2 9229 1410


Notes to editors

* Cape PLC is the parent company of a number of service providing organizations 
  operating primarily in the oil and gas, petrochemical and power generation 
  industries

* In the year to 31 December 2006, Cape reported turnover of #295.5 million

* Cape currently employs c. 8,200 people in 23 countries worldwide

* Cape specialises in the provision of scaffolding, insulation, fire protection, 
  specialist cleaning and other essential services to major industrial clients 
  in the energy sector

* Cape's ability to provide specialist cleaning services was enhanced by the 
  acquisition of DBI Group Limited in October 2006

* On 24 April 2007, Cape completed a placing, of 26,923,077 ordinary shares at 
  #2.60 per share to raise approximately #70m before expenses

* On 6 June 2007, Cape announced the acquisition of Total Rope Access 
  International Limited




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

END
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