Lion Nathan In Breach Of Standing Committee
For Immediate Release July 5, 2001
ALLIED DOMECQ ALLEGES
LION NATHAN IN BREACH OF STANDING COMMITTEE DECISION
Allied Domecq plc (“Allied”) and its advisers view the proposed sale of 19 percent of securities in Montana by Lion Nathan as a breach of the decision by the Standing Committee.
The sale of the 19 percent is inextricably linked with the new takeover offer to shareholders for 11 percent at $5.50. Lion Nathan’s announcement and subsequent comments in the media say as much.
Allied has raised this issue with the Market Surveillance Panel and requested that the Standing Committee meet urgently to rule on whether Lion Nathan has breached the Standing Committee’s decision.
For further information, please contact:
Jane Mussared Allied Domecq
(Auckland) +44 7880 783532
Anthony Cardew Cardew & Co. (London) +44 20 7930 0777