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PEPPERCORN MANAGEMENT GROUP LIMITED (PMG)

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delisted following implementation of the scheme of arrangement under which ABC Learning Centres Limited has acquired all of the shares in the company

31/12/2004

we understand that under the terms of the scheme, ABC acquired all of the shares in PMG for $10.80 cash per share - in addition PMG options, held by PMG optionholders were transferred, in exchange for ABC paying each PMG optionholder a cash sum of $9.60 for each PMG option

31/12/2004

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