DTA - Delta EMD Limited - Fulfilment of Condition Precedent
Delta EMD Limited
(Incorporated in the Republic of South Africa)
Registration number: 1919/006020/06
Share Code: DTA
FULFILMENT OF CONDITION PRECEDENT
Shareholders are referred to the announcement released on SENS on 8 June
2010, wherein shareholders were advised that Delta`s subsidiary Delta EMD
Australia (Pty) Ltd entered into a contract for sale with Port Waratah Coal
Services Limited("PWCS")to sell the Kooragang residue disposal site to PWCS
for an amount of AU$ 12 million plus 10% goods and services tax.
Shareholders are further advised that the condition precedent to the
transaction had been fulfilled on 2 July 2010.
Accordingly, the full purchase price of AU$ 12 million plus 10% goods and
services tax was received by Delta EMD Australia (Pty) Limited by the
completion date. The AU$ 12 million gain on the sale of the Kooragang
residue disposal site is expected to incur AU$3.6 million of tax.
7 July 2010
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07/07/2010 10:00:01 Supplied by www.sharenet.co.za
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