News 2007
13.02.2007
Clarification Letter to Shareholders
CLARIFICATION ON SHAREHOLDER LETTER DATED 12th FEBRUARY 2007
In light of media and shareholder inquiries we have received surrounding the letter released to the ASX yesterday, the Board seeks to clarify two points.
Firstly, in accordance with its current practice, the Company expects to continue to be able to pay both interim and final dividends moving forward subject to prevailing market conditions.
Secondly, the $100m capital raising mentioned is to be used to pay for the new land acquisition at Point Grey as previously stated by the Company, and not because slight delays have been experienced with current land stages as mentioned by some media outlets.
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