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APL-announcement

  1. Jordi

    237 posts.
    Good news for all us shareholders.

    APL - ASX Company Announcement

    29 July 2002
    Part 1/1
    --------
    AUSTRALIAN PLANTATION TIMBER LIMITED
    ------------------------------------
    HOMEX - Perth
    -------------------------
    Subject to a Deed of Company Arrangement
    PRESS RELEASE - 26 JULY 2002
    Integrated Tree Cropping Limited (ITC) today announced that, subject
    to finalisation of documentation which ITC and the Administrator, Mr
    Mervyn Kitay of Grant Thornton, Perth expect to be finalised soon,
    all remaining conditions precedent for its transaction with
    Australian Plantation Timber Limited (subject to Deed of Company
    Arrangement)(APT) have been met or waived. IT and the Administrator
    are confident that the way has now been cleared for the transaction
    to complete shortly. The boards of ITC and APT are working with the
    Administrator to complete the necessary arrangements as soon as
    possible. The transaction will see ITC emerge with 50% of APT and
    shares in APT being re-listed on the ASX.
    For further information contact
    Tony Jack Peter Hatfull
    MANAGING DIRECTOR COMPANY SECRETARY
    Direct Line: 08 9389 0270 Direct Line: 08 9389 0211
    ends - AAP

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