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BYRON HOLDINGS LIMITED (BYN)

Delisted from ASX 01/07/1997

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delisted pursuant to Listing Rule 17.13 following completion of the successful takeover offer by West Merchant Bank Limited01/07/1997
we understand West Merchant Bank Limited, a company incorporated in the UK, was successful with an offer of either 24.2 cents cash per share or 23.6 cents cash per share plus a possible further amount of up to 7.22 cents cash per share - the additional amount related to a portion of sale proceeds to which Byron was to become entitled which was held in escrow following the sale by a subsidiary of Byron of an investment in Duxtech Pty Limited - the monies were not payable until 2 January 1998 and we have no knowledge of the amount of that payment01/07/1997

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