DEL Return of Capital on 15-8-08
|
|
Dairy Equity Limited (DEL) | 11:00 am, Friday 1 August 2008 | DEL | 0.230 |
 -0.010 |
(-4.17%) |
At a Special Shareholders Meeting on 10 April 2008 the Shareholders of Dairy
Equity Limited approved the immediate return of capital via a repurchase and
cancellation of shares. This was subsequently approved by the High Court. The
initial capital returns were to be made in two stages. A first cancellation,
cancelling one out of every two shares in the Company with an initial return
of $22,878,750, was made on 30 April 2008. ($0.50c per cancelled shares)
The details for the second return of capital are:
The second cancellation, cancelling four out of every fifteen of the shares
remaining in the Company for an amount of $6,101,000 ($0.50 per cancelled
share)
Record date 11-8-2008
Pay date 15-8-2008
Appendix 7 attached plus the original notice of special shareholders meeting
dated 26-3-08 that sets out the full details of the arrangement for the
return of capital.
For Further Information
Peter Jensen
Chairman, Dairy Equity Limited (0274) 972 551
