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BATTERY GROUP LIMITED (BGL)

Delisted from ASX 27/08/1993

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we are advised that the company was the subject of a share buy back (sponsored by the Pratt Group) as approved at a General Meeting on 14 June 2005 - this process has been completed18/10/2005
the Receiver has presented his final report and control has reverted to directors - there appears to be a capital reduction and restructuring underway - we would appreciate hearing from a director or shareholder regarding developments07/07/2005
this company has been in the control of a receiver and manager (John Adams of Horwaths) for about nine years - we understand that the major shareholder made an offer to other shareholders some 4 to 5 years ago but did not reach the 90% level needed for "compulsory acquisition" - the major shareholder is the secured creditor and may not be paid in full and it is unlikely there will be a return to shareholders - the company will probably go into liquidation when some outstanding tax issues are resolved27/08/2004
delisted due to failure to pay annual listing fee27/08/1993

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