Yorkcor - Dividend Announcement and Board Appointment
The York Timber Organisation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1916/004890/06)
Share code YRK ISIN ZAE000008108
(`Yorkcor` or `the company`)
DIVIDEND ANNOUNCEMENT
Notice is hereby given that in the light of the group`s substantial cash
holdings and continuing strong cash flow in operations, the board of directors
of the company has declared an ordinary cash dividend of 25 cents per share
(`the ordinary dividend`) (2004: nil) plus a special cash dividend of 125 cents
per share (2004: nil) (`the special dividend`). The ordinary dividend and the
special dividend in aggregate amount to 150 cents per share for the period (`the
total dividend`). The total dividend will be payable to shareholders recorded in
the books of the Company at the close of business on Friday, 27 May 2005.
Shareholders are advised that the last day to trade cum the total dividend will
be Friday, 20 May 2005. The shares will trade ex the total dividend as from
Monday, 23 May 2005, and the record date will be Friday, 27 May 2005. The total
dividend will be paid on Monday, 30 May 2005. Share certificates may not be
dematerialised or rematerialised during the period Monday, 23 May 2005 to
Friday, 27 May 2005, both days inclusive.
BOARD APPOINTMENT
The board announced the appointment of Nthato Motlana as a non-executive
director of the company with effect from 24 February 2005. Mr Motlana is a past
national chairman of the South African Lumber Millers` Association and a current
Councillor of the Institute of Directors n Southern Africa. He previously
served on the board of Yorkcor and left to take up significant opportunities in
the timber industry
Pretoria
28 February 2004
Sponsor
Sasfin Corporate Finance
A division of Sasfin Bank Limited
ends
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