7th Aug 2007 15:49
Cape PLC07 August 2007 Cape PLC ("Cape" or the "Company") PCH - Update Further to the announcements made by Cape PLC (AIM:CIU) on 21 June 2007 and inthe AGM Statement on 28 June 2007 in relation to PCH Group Limited ("PCH"), Capeconfirms that it has been unable to reach an agreed price with the board of PCHand, as a result, Cape confirms that discussions with PCH have been terminated. ENDS For further information, please contact: Cape PLCMartin May, Chief Executive +44 (0)1924 876 276 Bell Pottinger Corporate & FinancialNick Lambert +44 (0)20 7861 3232 / +44 (0)7811 358 764 Hawkpoint Partners +44 (0)20 7665 4500Chris Robinson Collins Stewart Europe LimitedChris Wells/ Stewart Wallace +44 (0)20 7523 8350 Notes to editors Cape PLC is the parent company of a number of service providing organizationsoperating primarily in the oil and gas, petrochemical and power generationindustries. 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 inthe energy sector. Cape's ability to provide specialist cleaning services was enhanced by theacquisition of DBI Group Limited in October 2006. On 23 April 2007, Cape's shareholder's approved the placing of 26,923,077ordinary shares at £2.60 per share to raise £70 million (before expenses). On 6 June 2007, Cape acquired Total Rope Access International Limited. On 22 June 2007, Cape acquired Endecon Limited. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
CIU.L