Astrapak Limited - Announcement
ASTRAPAK LIMITED
(Registered in the Republic of South Africa)
(Registration number : 1995/009169/06) ISIN : ZAE000030938 Share Code :
APK
The Board of Astrapak wishes to inform shareholders that on the evening of 1
August 2003 a fire broke out at its Cinqplast Plastop subsidiary in
Bronkhorstspruit. The finished goods warehouse was destroyed and the fire also
damaged the adjacent factory building including certain machines close to the
warehouse. There were no injuries to personnel.
A contingency plan has been implemented to restore production and minimise
disruption to customers. The company is comprehensively insured for all losses,
including loss of profits. It is anticipated that the incident will not have a
material impact on the results of the company. The Company has notified its
insurers and is working with them to realise the claim as soon as possible.
Sponsor
RAND MERCHANT BANK
A division of FirstRand Bank Limited
CORPORATE FINANCE
Date: 05/08/2003 02:19:43 PM Supplied by www.sharenet.co.za
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