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SKY - Sea Kay Holdings Limited - Fulfilment of commitment to the NHFC, Gauteng

Release Date: 10/02/2011 17:50
Code(s): SKY
Wrap Text

SKY - Sea Kay Holdings Limited - Fulfilment of commitment to the NHFC, Gauteng department of local Government and Housing Debtor SEA KAY HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/004967/06) JSE code: SKY ISIN: ZAE000102380 ("Sea Kay" or "the company") FULFILMENT OF COMMITMENT TO THE NHFC, GAUTENG DEPARTMENT OF LOCAL GOVERNMENT AND HOUSING DEBTOR The company is pleased to announce that its financial commitments in respect of the National Housing Finance Corporation Limited ("NHFC") for January 2011, in terms of the agreement, which was made an order of Court dated 6 December 2010 and, as referred to in the SENS announcement dated 9 December 2010, have been complied with. The Gauteng Department of Local Government and Housing ("the Department") very kindly assisted Sea Kay during the festive season to conduct a reconciliation and verification of the Sea Kay claims and effected accelerated payment processes to ensure compliance with the abovementioned Court order. The board of Sea Kay wishes to re-affirm its commitment to the partnership with the Department as well as the NHFC to ensure continued and sustainable housing delivery in this much needed low end of the housing market. The board is confident that Sea Kay can now look forward to normalising business and increasing the rate of housing delivery. Shareholders and stakeholders will be kept informed of developments in this regard. Johannesburg 10 February 2011 Sponsor Vunani Corporate Finance Date: 10/02/2011 17:50:01 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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