June 12 (Reuters) - BWX Ltd BWX.AX :
* REFERS TO UNSOLICITED PROPOSAL FROM JOHN HUMBLE AND AARON FINLAY
* INDEPENDENT BOARD COMMITTEE (IBC) RESOLVED TO UNDERTAKE STRATEGIC REVIEW OF OPTIONS AVAILABLE TO CO
* MYLES ANCESCHI APPOINTED AS INTERIM CHIEF EXECUTIVE OFFICER
* REVIEW'S OBJECTIVE IS TO DETERMINE IF IT IS IN CO'S SHAREHOLDERS' BEST INTERESTS FOR CO TO REMAIN AS STANDALONE LISTED ENTITY
* JOHN HUMBLE, AARON FINLAY TO TAKE LEAVE OF ABSENCE FROM CO WHILE STRATEGIC REVIEW REMAINS ONGOING
* REVIEW'S OBJECTIVE ALSO TO DETERMINE IF CO POTENTIALLY ENTERING DEAL WITH A BUYER IS IN SHAREHOLDERS' BEST INTERESTS
* CONTINUES TO RECOMMEND THAT SHAREHOLDERS TAKE NO ACTION IN RESPECT OF SHAREHOLDINGS IN BWX