Wooltru Limited - Update On The Distribution To Sh
Wooltru Limited - Update On The Distribution To Shareholders
Cautionary Announcement
WOOLTRU LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1936/008278/06)
("Wooltru" )
Share code: WLO ISIN: ZAE000007993 Share code: WLP1 ISIN: ZAE000008017
Share code: WLN ISIN: ZAE000008744 Share code: WLOP ISIN: ZAE000008009
UPDATE ON THE DISTRIBUTION TO SHAREHOLDERS
CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcements dated 24 October 2005 and 11
November 2005, notifying them of Wooltru"s intention to distribute to ordinary
and "N" ordinary shareholders 35 cents per ordinary and "N" ordinary share in
cash ("the payment to shareholders"), as a distribution out of share premium.
The payment to shareholders was approved by the requisite majority of
shareholders at a general meeting held on 11 November 2005.
Shareholders are hereby advised that Wooltru has been served with an urgent
application on 24 November 2005 by Johnnic Book Retail Limited, which will be
heard before the High Court of South Africa at 10:00 on Tuesday, 29 November
2005, requesting an interdict to prevent the payment to shareholders.
In this regard, Wooltru is taking all steps necessary to defend such application
so as to allow it to proceed with the payment to shareholders. Shareholders are
therefore advised to exercise caution when dealing in their Wooltru shares until
a further announcement is made.
In terms of the abovementioned announcements shares would be expected to trade
"ex" the entitlement to the payment to shareholders from Monday, 28 November
2005. Pending the High Court application shareholders are advised that this, and
all other applicable dates, will be postponed until further notice.
Cape Town
24 November 2005
Sponsor: Bridge Capital Services (Pty) Limited
Date: 24/11/2005 05:26:23 PM Produced by the JSE SENS Department
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