|
DEL
DEL
DEL - Delta Electrical Industries Limited - No change statement, subsequent
events and notice of annual general meeting
Delta Electrical Industries Limited
Incorporated in the Republic of South Africa
(Registration number 1919/006020/06)
Share code: DEL & ISIN: ZAE000002036
("Delta" or "the company" or "the Group")
NO CHANGE STATEMENT, SUBSEQUENT EVENTS AND NOTICE OF ANNUAL GENERAL MEETING
Shareholders are referred to the Audited Group results announcement for the year
ended 27 December 2007 published on SENS on 25 February 2008("the audited
results announcement").
There have been no changes to the results published in the audited results
announcement and those contained in the 2007 Annual Financial Statements posted
to shareholders today, 17 March 2008. However, shareholders attention is drawn
to the following two subsequent events:
Shareholders were advised in the audited results announcement released on SENS
on 25 February 2008 that "the Delta Board intend making a pro rata offer to
shareholders to repurchase Delta ordinary shares for a maximum total
consideration of R111 million ("the pro rata offer")". The approval for the pro
rata offer was to be sought at the Annual General Meeting to be held on 16 April
2008.
Shareholders are advised that the approval sought for the pro rata offer has not
been included in the Notice of Annual General Meeting included in the 2007
Annual Report, which was posted to shareholders today, 17 March 2008. An
announcement in respect of the pro rata offer will be made separately before the
end of March 2008, once the outcome of the preliminary determination on the
antidumping matter by the Department of Commerce referred to below is announced
on 19 March 2008.
In late February 2008 the US claimant in the US antidumping investigation made a
further submission to the Department of Commerce seeking the imposition of a
punitive duty on all shipments of Australian EMD into the US since late December
2007. The imposition of this punitive duty is expected to be announced on 19
March 2008 in connection with the preliminary determination on the antidumping
matter by the Department of Commerce and to be levied shortly thereafter. Delta
EMD has disputed the US claimant`s submission, but has been advised that the
Department of Commerce will most likely provisionally impose the punitive duty
and require the posting of a bond by Delta EMD to secure possible payment of the
punitive duty pending final determination of the matter by the International
Trade Commission in September 2008. At this stage it is not possible to
determine the amount of punitive duty that may be payable.
NOTICE OF ANNUAL GENERAL MEETING
The ninety-first Annual General Meeting of the company will be held at 11th
Floor, Sandton City Office Tower, Sandton on 16 April 2008 at 11h00. The notice
of the meeting is contained in the above mentioned 2007 Annual Financial
Statements.
17 March 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/03/2008 08:44:47 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. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
