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MCCONNELL DOWELL CORPORATION LIMITED (MDC)

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delisted following completion of the scheme of arrangement under which the Aveng Group has acquired all of the shares in the Company

29/08/2003

we understand shareholders approved the Scheme of Arrangement under which Aveng acquired all of the shares in McConnell Dowell for $1.54 cash per share (plus a dividend of 10 cents) and purchased outstanding options at 20 cents cash per option - South Africa's Aveng had bought its controlling 63% interest in 1999 for $3.20 a share from a distressed seller

29/08/2003

name changed from Inter-Pacific Equity Limited

02/03/1989

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