The York Timber Organisation Limited - Further Cau
The York Timber Organisation Limited - Further Cautionary Announcement
(Incorporated in the Republic of South Africa)
(Registration number 1916/004890/06)
Share code YRK ISIN ZAE000008108
("Yorkcor" or "the group")
Further Cautionary Announcement
Shareholders are referred to Yorkcor`s further cautionary announcement dated 16
May 2002 regarding the termination on 31 December 2006 of the `evergreen` supply
contract for sawlogs to the group`s York Lumber sawmill near Bushbuckridge.
The experts appointed by both parties to facilitate a negotiated quantification
of Yorkcor`s claim are still engaged in the process, and, although no agreement
was reached by 30 June 2002, negotiations continue in an effort to reach
agreement. The matter has accordingly not yet been referred to arbitration in
terms of the he contract.
Shareholders are advised to continue exercising caution in dealing their shares
until a further announcement is made.
PRETORIA
15 July 2002
SPONSOR
SASFIN BANK LIMITED
(Registration number 1951/002280/06)
Date: 15/07/2002 10:28:51 AM Produced by the JSE SENS Department
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