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MPC
MPC
MPC - Mr Price Group Limited - Distribution Out Of Share Premium Account
Mr Price Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004418/06)
ISIN: ZA000026951
Share Code: MPC
("Mr Price")
DISTRIBUTION OUT OF SHARE PREMIUM ACCOUNT
As announced in the results announcement released on SENS on 31 May 2007,
the directors have declared a cash distribution to shareholders of 70,6
cents per ordinary and unlisted B ordinary share, in lieu of a final
dividend for the year ended 31 March 2007, by way of a reduction of the
share premium account (`the distribution`).
The distribution is in terms of the general authority granted to
directors at the annual general meeting held on 27 July 2006.
The following dates are applicable:
Last date to trade `cum` the distribution Friday, 22 June 2007
Shares trade `ex` the distribution Monday, 25 June 2007
Record date Friday, 29 June 2007
Payment to shareholders on Monday, 2 July 2007
Shareholders may not dematerialise or rematerialise their share
certificates between Monday, 25 June 2007 and Friday, 29 June 2007, both
dates inclusive.
Set out in the table below are the pro forma financial effects of the
distribution on the company`s net asset value per share and net tangible
asset value per share, based on the audited results for the year ended 31
March 2007, had the distribution been made as at 1 April 2006.
The pro forma financial effects have been prepared for illustrative
purposes only and, because of their nature, may not give a true
reflection of the company`s financial position, changes in equity,
results of operations or cash flows. The pro forma financial effects are
the responsibility of the company`s directors.
The financial effect on headline earnings and earnings per share is
insignificant (i.e. less than 3%) and has therefore not been disclosed.
Results as Results Percentage
published adjusted for change
the impact of (%)
the general
payment
(cents) (cents)
Net asset value per 523 448 (14.3)
share at 31 March
2007
Tangible net asset 521 446 (14.3)
value per share at
31 March 2007
Note:
The adjustment to net asset value per share and tangible net asset value
per share takes into account the impact of the distribution out of share
premium and the financing effect thereof.
Durban
7 June 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 07/06/2007 13:42:26 Produced by the JSE SENS Department.
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