Information  X 
Enter a valid email address

600 Group PLC (SIXH)

  Print      Mail a friend       Annual reports

Friday 30 November, 2007

600 Group PLC

Response to PTG Statement

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."


The 600 Group PLC                                   Tel: +44 (0) 113 277 6100
Andrew Dick, Chief Executive

Altium                                              Tel: +44 (0) 20 7484 4102
Ben Thorne / Tim Richardson

Hudson Sandler                                      Tel: +44 (0) 20 7796 4133
Nick Lyon / Wendy Baker

Altium, which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting exclusively for 600 Group and for no one else in
connection with the matters referred to in this announcement and is not advising
any other person or treating any other person as its client in relation thereto
and will not be responsible to anyone other than 600 Group for providing the
protections afforded to clients of Altium, or for giving advice to any other
person in relation to any matter or arrangement referred to in this

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