Oct 4 (Reuters) - Platinum Asset Management Ltd
:
* UPDATE ON NBIO FROM REGAL PARTNERS LIMITED
* HAS DETERMINED THAT PLATINUM WILL ENTER INTO AN INITIAL PERIOD OF NON-EXCLUSIVE, MUTUAL DUE DILIGENCE WITH REGAL
* BOARD REMAINS OPEN TO CONSIDERING CONTROL PROPOSALS FOR PLATINUM FROM REGAL OR OTHER THIRD PARTIES
* APPROACHED PLATINUM WITH REQUEST THAT IT BE GRANTED DUE DILIGENCE IN ORDER TO ALLOW IT TO SUBMIT IMPROVED REVISED PROPOSAL
* PLATINUM WILL ENTER INTO AN INITIAL PERIOD OF NON-EXCLUSIVE, MUTUAL DUE DILIGENCE WITH REGAL
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