| Tue 25 Jun 2002, 0:00 | | Pangbourne Properties Limited Declaration Of Final |
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PANGBOURNE PROPERTIES LIMITED DECLARATION OF FINAL DISTRIBUTION FOR THE YEAR
ENDING 30 JUNE 2002
Pangbourne
(Incorporated in the Republic of South Africa)
(Registration number 1987/002352/06)
Share code: PAP
ISIN CODE : ZAE000005252
("Pangbourne")
DECLARATION OF THE FINAL DISTRIBUTION FOR THE YEAR ENDING 30 JUNE 2002
Introduction
Statements of Generally Accepted Accounting Practice (AC 107 Revised)
require that a distribution may only be reflected in the income statement of
a company once it has been declared. In order to comply, and also to
facilitate the proper matching of income and the distribution thereof, the
directors of Pangbourne have declared the final distribution prior to year-
end.
Results
Pangbourne`s results for the year ending 30 June 2002 are expected to be
published on SENS and in the press on or about Thursday, 19 September 2002.
Distributions
The directors have declared a final distribution for the year ending
30 June 2002 of 23,5 cents per unit, for the period 1 April 2002 to 30 June
2002. Unitholders are referred to the announcement dated 13 February 2002
in which the interim distribution of 41 cents per unit and the second
interim distribution of 23,5 cents per unit for the six months ended 31
December 2001 and the three months ended 31 March 2002 ("the second interim
distribution"), respectively, were declared. The second interim
distribution was made pursuant to the acquisition of the assets and
liabilities of CBD Property Fund and Pioneer Property Fund with effect from
1 April 2002.
The aggregate distribution for the financial year ending 30 June 2002 is
therefore 88 cents per unit (2001: 88 cents per unit).
Declaration of dividend and debenture interest
Notice is hereby given of the declaration of a distribution of 23,5 cents
per combined unit, comprising dividend number 32 of 0,4608 cents per share
and interest on debentures calculated at 23,0392 cents per combined unit
("the distribution"). The last day to trade in order to receive the
distribution is Friday, 27 September 2002 and the combined units will
commence trading ex distribution on Monday, 30 September 2002, with the
record date being Friday, 4 October 2002. Payment of the dividend and
debenture interest of 23,5 cents per combined unit will be effected on
Monday, 7 October 2002.
Combined unit certificates may not be dematerialised or rematerialised
between Friday, 20 September 2002 and Friday, 4 October 2002, both days
inclusive.
On behalf of the board
JJ Groenewald
Secretary
25 June 2002
PANGBOURNE PROPERTIES LIMITED
2nd Floor, Pangbourne House, 382 Jan Smuts Avenue, Craighall, 2196
Date: 25/06/2002 05:26:20 PM Produced by the SENS Department
