| Wed 25 Jun 2003, 18:05 | | PANGBOURNE PROPERTIES LIMITED - DECLARATION OF THE |
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Pangbourne Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/002352/06)
Share code: PAP
ISIN: ZAE000005252
("Pangbourne")
Declaration of the final distribution for the year ending 30 June
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 2003 are expected to be
published on SENS and in the press on or about Thursday, 21 August 2003.
Distributions
The directors have declared a final distribution for the year ending
30 June 2003 of 48, 0 cents per combined unit, for the period 1 January 2003 to
30 June 2003. Combined unitholders are referred to the announcement dated 13
February 2003 in which the interim distribution of 41 cents per combined unit
for the six months ended 31 December 2002 was declared. The aggregate
distribution for the financial year ending 30 June 2003 is therefore 89,0 cents
per combined unit (2002: 88,0 cents per combined unit).
Declaration of dividend number 34 and debenture interest
Notice is hereby given of the declaration of a distribution of
48, 0 cents per combined unit, comprising dividend number 34 of 0, 9412 cents
per combined unit and interest on debentures calculated at 47, 0588 cents per
combined unit (collectively, "the distribution"). The last day to trade in order
to receive the distribution is Friday, 3 October 2003 and the combined units
will commence trading ex distribution on Monday, 6 October 2003 with the record
date being Friday, 10 October 2003. Payment of the dividend and debenture
interest of 48, 0 cents per combined unit will be effected on Monday, 13 October
2003.
Combined unit certificates may not be dematerialised or rematerialised between
Monday, 6 October 2003 and Friday, 10 October 2003, both days inclusive.
On behalf of the board
JJ Groenewald
Secretary
Johannesburg
25 June 2003
PANGBOURNE PROPERTIES LIMITED
2nd Floor, Pangbourne House, 382 Jan Smuts Avenue, Craighall, 2196
Sponsor
SCMB
Standard Corporate and Merchant Bank
(A division of The Standard Bank
of South Africa Limited)
(Reg.no. 1962/000738/06)
