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The York Timber Organisation Limited - Further Cautionary Announcement

Release Date: 15/07/2002 10:28
Code(s): YRK
Wrap Text

The York Timber Organisation Limited - Further Cautionary Announcement (Incorporated in the Republic of South Africa) (Registration number 1916/004890/06) Share code YRK ISIN ZAE000008108 ("Yorkcor" or "the group") Further Cautionary Announcement Shareholders are referred to Yorkcor`s further cautionary announcement dated 16 May 2002 regarding the termination on 31 December 2006 of the `evergreen` supply contract for sawlogs to the group`s York Lumber sawmill near Bushbuckridge. The experts appointed by both parties to facilitate a negotiated quantification of Yorkcor`s claim are still engaged in the process, and, although no agreement was reached by 30 June 2002, negotiations continue in an effort to reach agreement. The matter has accordingly not yet been referred to arbitration in terms of the he contract. Shareholders are advised to continue exercising caution in dealing their shares until a further announcement is made. PRETORIA 15 July 2002 SPONSOR SASFIN BANK LIMITED (Registration number 1951/002280/06) Date: 15/07/2002 10:28:51 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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