Pangbourne - Declaration of the final distribution for the year ending 30 June
2005.
Pangbourne Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/002352/06)
Share code: PAP ISIN: ZAE000005252
(`Pangbourne` or `the Company`)
DECLARATION OF THE FINAL DISTRIBUTION FOR THE YEAR ENDING 30 JUNE 2005.
Introduction
The Statement of Generally Accepted Accounting Practice (AC 107 revised)
requires 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 audited results for the year ending 30 June 2005 are expected to be
published on SENS and in the press on or about Wednesday, 31 August 2005.
Distributions
The directors have declared a final distribution for the year ending 30 June
2005 of 51,5 cents per unit, for the period 1 January 2005 to 30 June 2005.
Combined unitholders are referred to the announcement dated 17 February 2005 in
which the interim distribution of 44,5 cents per unit for the six months ended
31 December 2004 was declared.
The aggregate distribution for the financial year ending 30 June 2005 is
therefore 96,0 cents per unit (2004: 91,5 cents per unit)
Declaration of dividend number 38 and debenture interest
Notice is hereby given of the declaration of a distribution of 51, 5 cents per
combined unit, comprising dividend number 38 of 1,0098 cents per share and
interest on debentures calculated at 50,4902 cents per combined unit (`the
distribution`). The last day to trade in order to receive the distribution is
Friday, 30 September 2005 and the combined units will commence trading ex
distribution on Monday, 3 October 2005 with the record date being Friday, 7
October 2005. Payment of the dividend and debenture interest of 51, 5 cents per
combined unit will be effected on Monday, 10 October 2005.
Combined unit certificates may not be dematerialised or rematerialised between
Monday, 3 October 2005 and Friday, 7 October 2005.
The directors of Pangbourne are of the opinion that sufficient funds will be
available to meet the obligations in terms of this declaration. The final
distribution has not been audited.
On behalf of the board
J J Groenewald Pangbourne Properties Limited
Secretary 2nd Floor Pangbourne House
28 June 2005. 382 Jan Smuts Avenue, Craighall
Date: 28/06/2005 05:04:27 PM
Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
