| Fri 2 Nov 2007, 12:21 | | FBR - Famous Brands - Distribution To Shareholders |
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FBR
FBR
FBR - Famous Brands - Distribution To Shareholders By Way Of A Capital Reduction
FAMOUS BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1969/004875/06)
Share code: FBR & ISIN code: ZAE000053328
("Famous Brands" or the "company")
DISTRIBUTION TO SHAREHOLDERS BY WAY OF A CAPITAL REDUCTION
As advised in the Famous Brands interim results for the six months ended
31 August 2007, notice is hereby given that in lieu of an interim dividend, a
capital reduction and distribution of 33 cents per share has been declared on
the ordinary shares of the group in respect of the six months ended 31 August
2007 ("the interim distribution"), in terms of the general authority received
from the shareholders at the annual general meeting held on Wednesday, 27 June
2007.
INTERIM DISTRIBUTION SALIENT DATES
2007
Last day to trade cum distribution Friday, 16 November
Shares commence trading ex-distribution Monday, 19 November
Record date Friday, 23 November
Payment of capital distribution Monday, 26 November
Share certificates may not be dematerialised or rematerialised between Monday,
19 November 2007 and Friday, 23 November 2007, both days inclusive.
PRO FORMA FINANCIAL EFFECTS OF INTERIM DISTRIBUTION
The table below sets out the unaudited pro forma financial effects of the
interim distribution on the published unaudited consolidated interim results of
Famous Brands for the six months ended 31 August 2007 (the "interim results").
These financial effects, for which the board of Famous Brands is responsible,
are presented for illustrative purposes only and may not give a fair reflection
of the financial position and results of operations of the company after the
interim distribution.
Before After Change
Net asset value ("NAV") per share 401.89 368.82 (8.2%)
(cents)
Net tangible asset value ("NTAV") per (30.36) (63.43) (108.9%)
share (cents)
Shares in issue at 31 August 2007 (less 94,247,345
treasury shares)
Notes:
The "Before" column reflects NAV and NTAV per share as published in the interim
results;
The "After" column reflects the NAV and NTAV per share for the six months ended
31 August 2007 on the assumption that the effective date of the interim
distribution was 31 August 2007;
The effect of the interim distribution on earnings per share and headline
earnings per share is not material and is not shown.
The pro forma financial information has been prepared in accordance with the
accounting policies adopted in the preparation of the interim results.
Rosebank
2 November 2007
Sponsor
Java Capital (Proprietary) Limited
Date: 02/11/2007 12:21:25 Produced by the JSE SENS Department.
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