The Directors of CO2 Group Limited (CO2) is pleased to announce that its takeover offer
for the shares in The Oil Mallee Company of Australia Ltd ACN 079 355 445 (OMC)
has been successful.
Australian Carbon Sinks Limited ACN 111 072 309 (ACS), a wholly owned subsidiary
of CO2, which made the Offer has a relevant interest in over 90% of OMC and will
shortly move to compulsorily acquire the remaining shares in OMC.
On 23 July 2008, CO2 announced a cash conditional offer for OMC at 32.5 cents per
OMC share, valuing the share not already held by CO2 at approximately $700,000. The
takeover offer is now unconditional.
The Offer is scheduled to close at 5:00pm (Perth, Western Australia time) on 8
September 2008 (unless extended).
ACS has recently appointed a majority of the directors of the board of OMC.