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MCCONNELL DOWELL CORPORATION LIMITED (MDL)

Delisted NZX 19/08/2003

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delisted following the takeover by Aveng Limited

19/08/2003

we understand shareholders approved the Scheme of Arrangement under which Aveng acquired all of the shares in McConnell Dowell for A$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 A$3.20 a share from a distressed seller

19/08/2003

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