Date 6 June 2000
Number 50/00
BHP FILES SUBSTANTIAL HOLDER NOTICE
The Broken Hill Proprietary Company Limited (BHP) today announced it has filed
an initial substantial holder notice with the Australian Stock Exchange
indicating that it has acquired a 12.216 per cent shareholding in Email
Limited.
Email Limited is an Australian-based appliance manufacturer and metals
distribution company. BHP has acquired a total of 33.2 million Email shares,
at an average price of $3.30 per share, for a total investment of approximately
A$110 million.
BHP said it was likely the investment in Email would be held through OneSteel
Limited, BHP's steel long products business scheduled to be spun-out later this
year. A final decision on how the investment is to be held has not been made.
OneSteel Managing Director and Chief Executive Officer Bob Every said: "The
acquisition of a shareholding in Email Limited is an attractive opportunity
during a period of adjustment in the Australian steel and metals distribution
markets."
Contact:
MEDIA RELATIONS: INVESTOR RELATIONS:
Mandy Frostick Andrew Nairn
Manager Media Relations Senior Business Analyst
Ph: +61 3 9609 4157 Ph: +61 3 9609 3952
Mob: +61 419 546 245 Mob: +61 408 313 259
Candy Ramsey BHP Investor Relations Houston
Tel: (713) 961-8640
EMail: [email protected]
