pem annoucement interesting

Reviewing Strategic Options
The Board of Perilya Limited has commenced a process of reviewing strategic options for maximizing shareholder value. This will include a review of corporate and operational activities and should be completed during the March quarter 2008.
The objective will be to refine the company's growth strategy to optimise the operational performance of its existing assets and pursue merger and acquisition opportunities that may result in corporate transactions.
The company confirms that Patrick O'Connor has been appointed Executive Chairman until completion of the implementation phase of the strategic review and any corporate transactions.
Further announcements will be made by the company in accordance with its continuous disclosure reporting obligations and when circumstances dictate.