| Mon 31 May 2010, 17:41 | | DEC - Decillion Limited - Amended announcement: final distribution by the |
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DEC
DEC
DEC - Decillion Limited - Amended announcement: final distribution by the
Decillion Realisation Trust (The "Trust")
Decillion Limited
(Registration number: 1998/011692/06)
(Incorporated in the Republic of South Africa)
("Decillion" or "the company")
JSE code: DEC & ISIN: ZAE000108247
AMENDED ANNOUNCEMENT: FINAL DISTRIBUTION BY THE DECILLION REALISATION TRUST
(THE "TRUST")
The ordinary shareholders of Decillion are referred to previous announcements
by Decillion relating, inter alia, to the winding down process of Decillion.
In terms of the "The Circular to Decillion Shareholders" dated 16 October
2007, the Trust was established as a special purpose trust to assume
responsibility for all the outstanding liabilities and contingent liabilities
of the Decillion group. All of the remaining assets of the Decillion group,
apart from the surplus cash of R26,5 million that was available to the
shareholders of Decillion as an interim dividend, were transferred to the
Trust.
The Trustee of the Trust, Ironwood Trustees (Proprietary) Limited (previously
JGM Trustees), has resolved to make a final cash distribution of R7.0 million
( 4.3 cents per share based on the number of shares held prior to the
consolidation on a 1 for 100 basis effective on 10 December 2007 which
equates to 430 cents per share post consolidation), to the ordinary
shareholders of Decillion registered as the shareholders on the record date
of 21 December 2007. The treasury shares held by the Trust will not
participate in the distribution. The cash distribution to shareholders is
the total cash amount remaining in the Trust after settlement of all
liabilities less an amount of R1.2 million that is retained to provide for
the remaining aspects of the winding down process and for known and
incidental expenses. A report from the Auditors, PKF Inc, as well as a
detailed financial report up to the date of distribution, are available for
inspection at the registered office of the Trust.
The distribution date will be 14 June 2010.
Sandton
31 May 2010
Registered address:
Unit 6 Sunbird Park
Pasita Street
Cape Town
Sponsor
Deloitte & Touche Sponsor Services (Proprietary) Limited
Date: 31/05/2010 17:41:01 Produced by the JSE SENS Department.
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