DLV - Dorbyl - Fulfilment of outstanding condition precedent in respect of the
DLV
DLV
DLV - Dorbyl - Fulfilment of outstanding condition precedent in respect of the
disposal by Dorbyl
DORBYL LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 1911/001510/06
Share Code: DLV ISIN: ZAE000002184
("Dorbyl")
FULFILMENT OF OUTSTANDING CONDITION PRECEDENT IN RESPECT OF:
- the disposal by dorbyl of the property situated in rosslyn; and
- the DISPOSAL BY GUESTRO STEERING GEARS (PROPRIETARY) LIMITED ("GSG"), A
WHOLLY OWNED SUBSIDIARY OF DORBYL, OF THE ASSETS AND LIABILITIES OF ITS
OPERATION REFERRED TO AS GUESTRO FORGING AND MACHINING
Shareholders are referred to the announcement released on SENS and published in
the press on 21 January 2010 and 22 January 2010, respectively, detailing the
disposal by Dorbyl of the property situated at Rosslyn to Slip Knot Investments
777 (Proprietary) Limited, as well as to the announcement released on SENS and
published in the press on 11 February 2010 and 12 February 2010, respectively,
detailing the disposal by GSG of the assets and liabilities of its business
referred to as Guestro Forging and Machining to Specialised Precision
Investments (Proprietary) Limited (collectively referred to as "the
Transactions").
As detailed in the aforementioned announcements, the Transactions are deemed to
be Category 2 transactions in terms of the Listings Requirements of the JSE
Limited, and therefore do not require shareholder approval.
Shareholders are hereby advised that all the conditions precedent to both of the
Transactions have now been fulfilled, resulting in the Transactions becoming
unconditional.
Johannesburg
7 April 2010
Sponsor
PSG Capital (Proprietary) Limited
Date: 07/04/2010 16:15:01 Produced by the JSE SENS Department.
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