Shareholders are referred to the Company's 2012 Financial Results released on the Johannesburg Stock Exchange News Service on Wednesday, 27 March 2013, and are advised that the Company has reached a settlement agreement in the amount of R95 million ("Settlement Amount") with the Competition Commission as part of the Commission's fast track settlement programme.
The Settlement Amount will be payable in two equal installments the first of which is payable 30 days after confirmation of the consent agreement as an order of the Competition Tribunal, and the second of which is payable six months after the first payment.
Basil Read provided R75m in its 31 December 2012 results and the additional R20
million will be recorded in the current financial year (FY 2013).
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