DLV - Dorbyl - Disposal By Dorbyl Of The Assets And Liabilities Of Its Dorbyl
DLV
DLV
DLV - Dorbyl - Disposal By Dorbyl Of The Assets And Liabilities Of Its Dorbyl
Automotive Systems Division ("Das") Of No Force And Effect
DORBYL LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1911/001510/06)
(Share Code: DLV & ISIN: ZAE000002184)
("Dorbyl")
DISPOSAL BY DORBYL OF THE ASSETS AND LIABILITIES OF ITS DORBYL AUTOMOTIVE
SYSTEMS DIVISION ("das") of no force and effect
The business disposal transaction
In an announcement dated 20 October 2008, shareholders were advised that Dorbyl
had entered into an agreement in terms of which, subject to the fulfilment of a
number of conditions precedent, Dorbyl would dispose of the assets and
liabilities if its Dorbyl Automotive Systems Division, to Red Tape Trading 25
(Proprietary) Limited ("the purchaser") ("the disposal").
Shareholders are advised that, due to the non-fulfilment of certain conditions
precedent by the purchaser, the agreement relating to the Dorbyl Automotive
Systems Division disposal is of no further force and effect and the disposal
will not be implemented.
Johannesburg
22 January 2010
Sponsor: PSG Capital (Pty) Limited
Date: 22/01/2010 08:35:46 Produced by the JSE SENS Department.
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