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Dairy Equity to Delist

(PR.co.nz) Dairy Equity Limited (DEL) today confirmed that it will return a further 6.25 cents per share of capital to shareholders this month, and advised that it intends to delist from the NZSX immediately after the record date for this distribution. The record date for this distribution is 5.00pm on Friday 23 April 2010. The distribution will be paid the following Monday, 26 April 2010.

DEL Chairman, Peter Jensen, said that the Company expects to make a final distribution of 1-1.5 cents per share once a legal dispute involving its one remaining SWAP Agreement has been resolved and its investment in that agreement has been realised.

“It may take several months for this situation to resolve and for the affairs of the Company to be wound up. In the meantime, we are concerned to keep costs to a minimum, and we do not believe that there is any value in remaining listed once the majority of the Company’s assets have been paid out to shareholders on 26 April”

Media Release on 09 March 2010 from Peter Jensen, Chairman of Dairy Equity Limited
Contact: (0274) 972 551
Website: http://www.dairyequity.co.nz

 



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