Dorbyl Limited - Approval By Competition Authoriti
Dorbyl Limited - Approval by competition authorities, change of sector
classification and declaration of special dividend
Dorbyl Limited
(Incorporated in the Republic of SA)
(Registration Number 1911/001510/06)
(Share Code: DLV ISIN: ZAE000002184)
("Dorbyl" or "the Company")
Approval by competition authorities, change of sector classification and
declaration of special dividend
INTRODUCTION
Further to the announcement published on 5 December 2002, PSG Capital Limited is
authorised to announce that the Competition Authorities have unconditionally
approved the disposal by Dorbyl of its Engineering Products and Services
Division ("the disposal").
SECTOR CHANGE
Ordinary shareholders are advised that as a consequence of the disposal, the
listing of Dorbyl will be transferred from the General Industries - Diversified
Industrial sector to the Basic Industries - Construction and Building Materials
sector with effect from Monday, 23 December 2002.
SPECIAL DIVIDEND
The Interim Profit Statement published in the press on 5 December 2002 referred
to the intention of the Board to declare a special dividend as soon as the
disposal was approved by the Competition Authorities. As that approval has now
been obtained, notice is hereby given that a special dividend of R5,00 per
ordinary share has been declared.
SALIENT DATES
The last date to trade "cum" the special dividend in order to participate in the
special dividend will be Friday, 3 January 2003. The shares of Dorbyl will
commence trading "ex" the special dividend from the commencement of business on
Monday, 6 January 2003 and the record date will be Friday, 10 January 2003. The
special dividend is payable on Monday, 13 January 2003.
No dematerialisation or rematerialisation of share certificates may take place
between Monday, 6 January 2003 and Friday, 10 January 2003, both days inclusive.
Johannesburg
13 December 2002
Investment bank and sponsor
PSG CAPITAL
Date: 13/12/2002 03:15:00 PM Produced by the JSE SENS Department
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