In a Stock Exchange statement they confirmed that they will be writing to shareholders shortly to explain more fully their dissenting views on the Jafari-Fini offer, which they believe does not represent full value for the company's shares. They went on to say " shareholders should be aware that the Board of the Company has received an approach from a third party" and that due diligence had begun on that potential offer.

Chesterton shares remained unchanged at 12.25p on the announcement.

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