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Aqua announces delisting date

By Iain Scott, ITWeb group consulting editor
Johannesburg, 05 Mar 2004

Aqua Online's distribution of 13c a share before delisting has become unconditional.

The group announced last night that the JSE had approved its delisting which is to go ahead on 30 March.

The 13c a share distribution, an advance liquidation dividend, was approved at a shareholders' meeting and is to be paid out on 29 March.

The share is to be suspended from the commencement of business on 19 March.

The group originally intended paying shareholders 14c a share when it first announced its plans to delist more than a year ago.

However, delays and unforeseen costs forced it to trim the payout.

The delays related to approval for the delisting plan, which involved a series of transactions to dispose of the underlying gaming and enablement businesses as going concerns.

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