June 3 (Reuters) - Wilson Bayly Holmes - Ovcon Ltd WBOJ.J :
* JSE: WBO - RESPONSE TO RECEIPT OF UNSOLICITED, INDICATIVE, NON-BINDING PROPOSAL FOR PROBUILD
* WILSON BAYLY HOLMES - OVCON LTD - IS CURRENTLY IN DISCUSSIONS WITH THIRD PARTY IN RELATION TO INDICATIVE PROPOSAL
* WILSON BAYLY HOLMES - OVCON LTD - RECEIVED UNSOLICITED, INDICATIVE, NON-BINDING PROPOSAL TO ACQUIRE WBHO'S 88% INTEREST IN PROBUILD
* WILSON BAYLY HOLMES - OVCON LTD - HAS CONDUCTED, AND IS CONTINUING TO ASSES, ALL POTENTIAL OPTIONS FOR PROBUILD
* WILSON BAYLY HOLMES - OVCON LTD - REMAINS OPTIMISTIC ABOUT LONG-TERM FUNDAMENTALS OF PROBUILD, ITS LONGER-TERM GROWTH PROSPECTS IN AUSTRALIAN MARKET