NPK
NPK
NPK - Nampak - Settlement Between SARS And Nampak
Nampak Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1968/008070/06)
Share code: NPK & ISIN: ZAE000071676
("Nampak")
Settlement between SARS and Nampak
On 11 December 2007 SARS and Nampak issued a joint media release in which it
was recorded that Nampak and SARS had reached agreement on a settlement on a
number of tax issues in dispute. Nampak reports that it agreed to a settlement
of R 250 million for such issues. Nampak had a provision of approximately
R 350 million on its balance sheet for the matters in dispute and consequently
approximately R 100 million will be released from the provision.
Nampak is very pleased to have resolved the disputes with SARS, which include
both the contingent tax liabilities relating to Malbak as well as the
historical tax matters relating to Nampak.
Johannesburg
11 December 2007
Sponsor: UBS
Date: 11/12/2007 17:00:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
