Yorkcor and Safcol resolve all litigation and arbi
YRK
YRK
Yorkcor and Safcol resolve all litigation and arbitration matters
The York Timber Organisation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1916/004890/06)
Share code: YRK & ISIN ZAE000008108
("Yorkcor")
YORKCOR AND SAFCOL RESOLVE ALL LITIGATION AND ARBITRATION MATTERS
Yorkcor and the South African Forestry Company Limited (Safcol) have settled all
litigation and arbitration matters outstanding between the companies in terms of
a confidential settlement agreement.
Adequate provision was made in Yorkcor"s 2005 year-end balance sheet for the
agreed payments, details of which will be disclosed in Yorkcor"s interim results
to 30 June 2006.
A joint media announcement will be made by spokespersons for both companies.
Pretoria
4 August 2006
Date: 04/08/2006 05:15:06 PM Produced by the JSE SENS Department
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