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YRK - The York Timber Organisation - Results of the rights offer

Release Date: 28/08/2007 15:15
Code(s): YRK
Wrap Text

YRK - The York Timber Organisation - Results of the rights offer The York Timber Organisation Limited (Registration number 1916/004890/06) Share code: YRK ISIN: ZAE000008108 ("York" or "the Company") RESULTS OF THE RIGHTS OFFER Further to the announcement dated 18 June 2007 giving the salient dates of the rights offer of 23 333 333 ordinary shares at R15 per share to raise R350 000 000, the directors of York have pleasure in announcing the results of the rights offer: Percentage
Number of new ordinary 23 333 333 100% shares offered Subscription price per new 15 ordinary share (rands) Number of acceptances of 23 333 333 100% the rights offer Number of new ordinary 0 0% shares taken up by the Underwriters Shareholders are advised that Blackstar Investors plc ("Blackstar") exercised its rights in respect of 10 000 000 rights offer shares at R15 per share. Blackstar`s new total number of shares held is 16 135 854, amounting to 20.5% of the total issued ordinary share capital of York. The CSDP or broker accounts of dematerialised shareholders were debited and updated on or about Monday, 27 August 2007. New share certificates will be posted to certificated shareholders on or about 28 August 2007. Sabie 28 August 2007 Sponsor Metier Date: 28/08/2007 15:15:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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