YRK - York - Acquisition Of 100% Of Global Forests
YRK
YRK
YRK - York - Acquisition Of 100% Of Global Forests
The York Timber Organisation Limited
(Registration number 1916/004890/06)
Share code: YRK
ISIN: ZAE000008108
("York" or "the Company")
ACQUISITION OF 100% OF GLOBAL FORESTS
The board of directors of York is pleased to announce that further to the
announcements dated 28 March 2007, 11 May 2007, 18 June 2007 and 9 July 2007
pertaining to the acquisition by York of all the shares in and shareholders`
claims against each of Global Forest Products (Proprietary) Limited ("GFP")
and South African Plywood (Proprietary) Limited ("Plywood") for an aggregate
purchase consideration of R1,694,747,439.00 with effect from 30 June 2007 in
one indivisible transaction ("the Acquisition"), all the conditions precedent
to the Acquisition have been met and, accordingly, the Acquisition has become
unconditional. The Acquisition closing date is 12 July 2007.
Pretoria
12 July 2007
Corporate Advisor and Sponsor
Metier
Transaction Arranger and Equity Underwriter
Blackstar
Equity Participant and BEE Funder
Industrial Development Corporation of South Africa Limited
Attorneys
Edward Nathan Sonnenbergs Inc.
Competition Law Advisors
Webber Wentzel Bowens
Debt Arrangers and Underwriters
Rand Merchant Bank (a division of FirstRand Limited)
Tax Advisors
Deloitte & Touche
Reporting accountants and auditors
KPMG
Date: 12/07/2007 12:32:01 Produced by the JSE SENS Department.
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