Allied Domecq Expresses Concern Re Lion Nathan’s Selldown Process

The market response to Lion Nathan’s sell down process suggests that there is an arrangement or understanding between Lion Nathan and the buyers of the defaulted securities about the price at which Lion Nathan will buy those shares back.

Allied Domecq is very concerned that such an arrangement or understanding would be in breach of the listing rules and the third Standing Committee decision.

Allied Domecq is taking advice on the implications of the selldown process.

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Allied Domecq Expresses Concern Re Lion Nathan’s Selldown Process