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DTA - Delta EMD Limited - Fulfilment of Condition Precedent

Release Date: 07/07/2010 10:00
Code(s): DTA
Wrap Text

DTA - Delta EMD Limited - Fulfilment of Condition Precedent Delta EMD Limited (Incorporated in the Republic of South Africa) Registration number: 1919/006020/06 ISIN: ZAE000132817 Share Code: DTA ("Delta") 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. Nelspruit 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 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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