Computershare Withdraws Proposal For SFE

The Sydney Futures Exchange (SFE) has today received from Computershare Limited (CPU) advice that it has withdrawn its proposal to acquire 50% of SFE. CPU's decision to withdraw follows the recent announcement from the Large Broker Group (a group of large investment banks that control a number of SFE Floor memberships) that it planned to block CPU's restructuring proposal for SFE. The SFE Board intends to meet as soon as possible and until such time, SFE will not be making any further comment.