BRIEF-W G Wearne Ltd Disposes Muldersdrift Quarry

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BRIEF-W G Wearne Ltd Disposes Muldersdrift Quarry
Credit: © Reuters.

Jan 30 (Reuters) - W G Wearne Ltd WEAJ.J :

* JSE: WEA - DISPOSAL OF MULDERSDRIFT QUARRY AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

* W G WEARNE LTD - FURNESS INVESTMENTS WILL PURCHASE MULDERSDRIFT QUARRY PROPERTIES MEASURING 146 HECTARES IN TOTAL FOR R 35.5 MILLION

* W G WEARNE LTD - AGW WILL PURCHASE MULDERSDRIFT QUARRY ASSETS, BUSINESS AND MINING RIGHT FOR R 18 MILLION

* W G WEARNE - ENTERED TERM SHEET WITH FURNESS INVESTMENTS (PTY) & AGW TRADING (PTY) TO DISPOSE OF PROPERTY & CERTAIN ASSETS OF MULDERSDRIFT QUARRY

* W G WEARNE LTD - NET VALUE OF ASSETS ATTRIBUTABLE TO TRANSACTION WAS APPROXIMATELY R 70 MILLION AS AT YEAR ENDED 28 FEBRUARY 2018

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