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PPC - PPC - Announcement relating to the unbundling by Barloworld Limited of

Release Date: 27/03/2007 08:01
Code(s): PPC
Wrap Text

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 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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