The York Timber Organisation Limited - Interim Div
The York Timber Organisation Limited - Interim Dividend Announcement
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`)
INTERIM DIVIDEND ANNOUNCEMENT
Notice is hereby given that, in the light of the group`s substantial current
holdings of cash and near cash and continuing strong cash flow in operations,
the board of directors of the Company has declared an ordinary cash dividend of
30 cents per share (`the ordinary dividend`) plus a special cash dividend of 70
cents per share (`the special dividend`). The decision takes account of plans
for capital expenditure under consideration for the ensuing period.
In February 2005, the directors declared an ordinary cash dividend of 25 cents
per share (`the ordinary dividend`) plus a special cash dividend of 125 cents
per share (2004: nil) (`the special dividend`), paid on Monday, 30 May 2005. In
view of the expansion and diversification programme launched at the time, there
were no dividends in 2004.
The ordinary interim dividend and the special dividend in aggregate amount to
100 cents per share (`the total dividend`), and will be payable to shareholders
recorded in the share register of the Company at the close of business on
Friday, 25 November 2005. Shareholders are advised that the last day to trade
`cum` the total dividend will be Friday, 18 November 2005. The shares will trade
`ex` the total dividend as from Monday, 21 November 2005, and the record date
will be Friday, 25 November 2005. The total dividend will be payable on Monday,
28 November 2005. Share certificates may not be dematerialised or rematerialised
during the period Monday, 21 November 2005 to Friday, 25 November 2005, both
days inclusive.
Pretoria
16 September 2005
Sponsor
Sasfin Corporate Finance
A division of Sasfin Bank Limited
Date: 16/09/2005 05:26:55 PM
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