PPC - PPC - Announcement relating to the unbundlin
PPC
PPC
PPC - PPC - Announcement relating to the unbundling by Barloworld Limited of
its strategic interest in PPC
Pretoria Portland Cement Company Limited
(Incorporated in the Republic of South Africa
(Registration number 1892/000667/06)
JSE share code: PPC
ISIN: ZAE000005559
("PPC" or "the company")
ANNOUNCEMENT RELATING TO THE UNBUNDLING BY BARLOWORLD LIMITED OF ITS STRATEGIC
INTEREST IN PPC
Further to the announcements of 18 December 2006 and 23 January 2007, and the
announcement by Barloworld Limited ("Barloworld") today, PPC shareholders`
attention is drawn to Barloworld`s statements that it is in an advanced stage
of preparing for the unbundling of its strategic shareholding in PPC. It is
anticipated that the unbundling will, subject to all regulatory requirements
being satisfied, be completed by the end of June 2007.
PPC will propose to its shareholders that each PPC share of R1.00 be subdivided
into 10 PPC shares with a par value of R0.10 each. It is anticipated that a
general meeting of shareholders to consider the proposed subdivision will be
held around the end of May 2007.
PPC intends to make a further announcement in respect of the proposed share
subdivision around the end of April 2007, and to post the relevant circular
immediately thereafter.
27 March 2007
Johannesburg
Investment bank
Standard Bank
Sponsor
JP Morgan
Attorneys
Bowman Gilfillan Inc
Date: 27/03/2007 08:01:00 Produced by the JSE SENS Department.
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