FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Commission File Number: 0-15850
For the month of November (November 22, 2002)
ANSELL LIMITED
(Translation of registrant's name into English)
Level 3, 678 Victoria Street, Richmond, Victoria 3121, Australia
(Address of principal executive offices)
[Indicate by check mark whether the registrant files
or will file annual reports under
cover Form 20-F or Form 40-F]
Form 20-F X Form 40-F
--- ---
[Indicate by check mark whether the registrant by
furnishing the information contained in this Form is
also thereby furnishing the information to the Commission
pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934]
Yes No X
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This Form 6-K is designated as incorporated by reference into the Form F-3
Registration Statement filed with the Securities and Exchange Commission on
November 20, 1990 with file numbers 33-37752 and 33-37752-01, the Form F-3
Registration Statement filed with the Securities and Exchange Commission on
April 30, 1991 with file number 33-40228, the Form F-3 Registration Statement
filed with the Securities and Exchange Commission on October 31, 1994 with file
numbers 33-85802 and 33-85802-1, the Form S-8 Registration Statement filed with
the Securities and Exchange Commission with file number 33-18603, and the Form
F-3 Registration Statement filed with the Securities and Exchange Commission on
July 25, 1997 with file number 333-6472.
[Logo of Ansell]
Ansell Limited
A.B.N. 89 004 085 330
Level 3, 678 Victoria Street
Richmond, Victoria 3121, Australia
GPO Box 772H Melbourne
Victoria 3001, Australia
Telephone (+613) 9270 7270
Facsimile (+613) 9270 7300
www.ansell.com
22 November 2002
Ansell sells its non-core investments in
Pacific Marine Batteries and BT Equipment
Ansell Limited (ASX:ANN) (Ansell) today announced that it has sold its holdings
in two non-core investments.
. Ansell's investment in Pacific Marine Batteries Pty Ltd was sold to a
consortium of private investors. Proceeds from the sale of this
investment have been received in full.
. Ansell's investment in BT Equipment Pty Ltd was sold to the majority
owner of the business. Ansell received a deposit on signing and the
balance will be paid on 31 January 2003.
Together, the proceeds from these divestments represent a premium to the total
book value of Ansell's investments in these companies.
Ansell's Chairman, Dr Ed Tweddell said "The sale of Ansell's shareholding in
Pacific Marine Batteries Pty Ltd and BT Equipment Pty Ltd is an important step
in completing the transformation from a conglomerate to a single global business
focused on protective products in a broad healthcare context."
Ansell will continue to manage its remaining non-core investments for either a
satisfactory long-term return, or for an orderly exit at the appropriate time.
For further information, please contact:
David Graham
(03) 9270 7215
About Pacific Marine Batteries Pty Ltd
--------------------------------------
Pacific Marine Batteries Pty Ltd is a joint venture that was owned by Ansell
(50%) and Varta AG (50%). It is the sole supplier of submarine batteries for the
Collins Class submarines operated by the Royal Australian Navy and is located in
Adelaide, South Australia.
About BT Equipment Pty Ltd
--------------------------
BT Equipment Pty Ltd is a joint venture with Tat Hong Holdings Limited of
Singapore. The business has a number of franchises for earth-moving equipment
and construction equipment. It has offices Australia wide.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ANSELL LIMITED
(Registrant)
By: /s/ DAVID M. GRAHAM
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Name: DAVID M. GRAHAM
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Title: GROUP TREASURER
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Date: November 22, 2002