HWN - Howden Africa Holdings Limited - Chairman`s Statement at the Annual
HWN
HWN
HWN - Howden Africa Holdings Limited - Chairman`s Statement at the Annual
General Meeting
Howden Africa Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/002982/06)
Share code: HWN ISIN: ZAE000010583
("HAHL")
Chairman`s Statement at the Annual General Meeting
After 5 months of the current financial year I am sure shareholders would wish
me to update them regarding the present trading position.
Order book levels in the Fans and Heat Exchangers division have remained ahead
of the position reported at the end of December 2009. The slowdown in private
sector investment, however, has affected the Environmental Control division
which continues to report a decline in its order book despite a number of
promising prospects, and this will raise challenges through the year.
However, the Board has resolved to focus on maintaining the quality of earnings
in line with prior years despite Revenue pressures.
Dividend Announcement
It gives me pleasure to report that the strength of the Group`s balance sheet
allows that consideration be given to a special dividend and in this regard the
Directors have resolved to declare a dividend of 75 cents payable to all
shareholders registered in the books of the Company on 25 June 2010. Full
details released on SENS earlier today.
3 June 2010
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 03/06/2010 12:05:02 Produced by the JSE SENS Department.
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