Yabeng Announcement Of Further Disposal Of Share I
YABENG INVESTMENT HOLDING COMPANY LIMITED
(Registration No. 1983/070126/06)
("Yabeng" or "the company")
ANNOUNCEMENT OF FURTHER DISPOSAL OF SHARE INVESTMENTS
With reference to the Cautionary Announcement dated 12 February 2001,
shareholders are advised that Yabeng has disposed of its remaining 1 150 000
combined ordinary units in Primedia Limited for a total consideration of R7 180
527. The gain on disposal is R5 041 527.
The consideration of R7 180 527 has been placed on deposit with the intention
of paying the major portion of this amount to shareholders after retaining
sufficient working capital for the company.
Assuming the above disposal had taken place on 1 March 2000 and that the
consideration of R7 180 527 had been placed on deposit the same day at 10,5%
per annum, it is estimated that:
* Yabeng's earnings per share for the half year ended 31 August 2000 would
have increased by 7,5 cents per share and headline earnings per share would
have increased by 0,3 cents per share.
* Yabeng's book net asset value per share at 31 August 2000 would have
increased by 7,5 cents per share.
Shareholders are advised to continue exercising caution when dealing in the
company's securities.
1 March 2001
SPONSOR
Whistler Lambda Sponsor Services (Proprietary) Limited
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