M.P. Evans Group PLC
("MP Evans" or "Group")
Strategic review of NAPCo
The board confirms that the controlling shareholder of The North Australian Pastoral Company Pty Limited ("NAPCo") has appointed Gresham Advisory Partners to assist it in considering its strategic options in relation to its shareholding in NAPCo. As part of this strategic review, third parties are being approached to gauge interest in acquiring a controlling interest in NAPCo. MP Evans, NAPCo's second largest shareholder, will sell its shares in NAPCo if an acceptable proposal for a change of control was to result from such a process. Taken together, the controlling shareholder and MP Evans own more than 95% of NAPCo shares.
There is no certainty that a transaction in respect of the shares in NAPCo will result from the strategic review process and the Group will update the market in due course.
13 May 2013
Enquiries:
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M.P. Evans Group PLC |
Telephone: 01892 516333 |
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P E Hadsley-Chaplin - chairman |
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P A Fletcher - managing director |
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T R J Price - finance director |
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Peel Hunt LLP |
Telephone: 020 7418 8900 |
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Dan Webster |
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Matthew Armitt |
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Hudson Sandler |
Telephone: 020 7796 4133 |
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Charlie Jack |
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Katie Matthews |
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