Regulatory Announcement
Regulatory Announcement from 600 Group Plc
Company
600 Group PLC
TIDM
SIXH
Headline
Response to PTG Statement
Released
07:01 30-Nov-07
Number
8388I
RNS Number:8388I
600 Group PLC
30 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 November 2007 by Precision Technology Group Ltd ('PTG') stating that PTG has no intention of making an offer for the Company.
After consultation with the Takeover Panel, the Board confirms that the Company is no longer deemed to be in an Offer Period for the purposes of the City Code on Takeovers and Mergers.
Commenting, Martin Temple, Chairman of 600 Group, said:
"We are pleased that the lack of clarity or certainty regarding PTG's intentions, created by its announcement on 5 October 2007, has now been resolved. The Board did not consider that PTG's indicative approach represented acceptable value for 600 Group shareholders. The Board remains very confident of the Company's prospects and will be updating shareholders on the continuing implementation of the Company's stated strategy in the near future."
