now read if you can! MIA Scheme of Arrangement – ACCC...

now read if you can! MIA Scheme of Arrangement – ACCC Developments
MIA Group Limited (ASX:MIA) today has been informed that DCA Group Limited’s
(ASX:DVC) negotiations with the Australian Competition and Consumer
Commission (ACCC) have been substantially advanced.
The ACCC has indicated concerns with the Adelaide market and DCA is finalising
negotiations to satisfy those concerns.
Current indications are that with the divestment of several clinics (representing
FY2004 revenue of approximately $10-12 million and earnings before interest tax and
amortisation of goodwill of approximately $3-3.5 million) and suitable undertakings,
the ACCC’s competition concerns will be resolved.
The impact of currently contemplated divestments on DCA’s pro forma earnings per
share for FY 2005 is not expected to be material.
Finalisation of DCA’s undertakings with the ACCC is expected to be concluded prior
to the MIA shareholder meeting currently scheduled for mid September, 2004 to
approve the Scheme of Arrangement relating to the proposed acquisition.
-end-
For more information contact:
Mr Paul Mirabelle
Chief Executive Officer
Phone: (02) 9411 9800