| Thu 27 Sep 2007, 14:47 | | AMA - AMAP - Distribution out of share premium |
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AMA
AMA
AMA - AMAP - Distribution out of share premium
Amalgamated Appliance Holdings Limited
Incorporated in the Republic of South Africa
Registration number 1997/004130/06
Share code: AMA & ISIN: ZAE000012647
("AMAP" or "the company")
DISTRIBUTION OUT OF SHARE PREMIUM
In accordance with the authority granted to the directors of the company in
terms of article 25 of the Articles Of Association and the resolution passed at
the annual general meeting of the company held on the 30th November 2006, a
distribution out of the share premium account of 12 cents per share (2006: 20
cents per share) in respect of the year ended 30 June 2007 has been declared and
is payable to shareholders recorded in the share register of the company on
Friday, 2nd November 2007 ("the distribution").
Set out in the table below are the pro forma financial effects of the
distribution on the company`s earnings per share, headline earnings per share,
net asset value per share and net tangible asset value per share based on the
company`s audited financial results for the year ended 30 June 2007. The pro
forma financial effects have been prepared for illustrative effects only and
because of their nature they may not give a true reflection of the company`s
financial position or results after the distribution. The pro forma financial
effects are the responsibility of the company`s directors.
Before the After the Percentage
distribution1 distribution change
Earnings per
share (cents) 36,4 35,42 (2,7%)
Headline
earnings per
share (cents) 36,1 35,02 (3,0%)
Weighted
average
number of
shares in
issue (`000) 208 194 208 194 -
Net asset
value per
share (cents) 260 2483 (4,6%)
Net tangible
asset value
per share
(cents) 257 2453 (4,7%)
Number of
shares in
issue (`000) 212 190 212 190 -
Notes
1. Extracted from the audited financial results for the year ended 30 June 2007.
2. The earnings and headline earnings per share figures in the "After the
distribution" column have been based on the following assumptions:
- the distribution was made on 1 July 2006; and
- interest (notional), at an average rate of 8.5% per annum was foregone on
the cash distributed;
3. The net asset value and net tangible asset value per share figures in the
"After the distribution" column have been based on the assumption that the
distribution was made on 30 June 2007.
The salient dates applicable to the distribution are:
2007
Last day to trade in order to
participate in the distribution on Friday, 26 October
Trading commences ex-distribution on Monday, 29 October
Record date on Friday, 2 November
Payment date on Tuesday,6 November
Share certificates may not be dematerialised or rematerialised between Monday,
29 October 2007 and Friday, 2 November 2007, both days inclusive.
Johannesburg
27 September 2007
Sponsor
Bridge Capital Advisors (Pty) Limited
Date: 27/09/2007 14:47:01 Produced by the JSE SENS Department.
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