| Wed 5 Nov 2008, 11:15 | | SFH - S A French Limited - Change Of Salient Dates |
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SFH
SFH
SFH - S A French Limited - Change Of Salient Dates
S A FRENCH LIMITED
Incorporated in the Republic of South Africa
(Registration number 1982/009174/06)
Share code: SFH ISIN: ZAE000108890
("SA French" or "the company")
CHANGE OF SALIENT DATES
Further to the announcement released on the Securities Exchange News Service
("SENS") of JSE Limited ("JSE") on Wednesday, 1 October 2008, shareholders are
referred to the salient dates and times relating to the capitalisation award
with a cash dividend alternative, as set out in that announcement and are
advised that the salient dates and times have changed.
The updated salient dates and times are set out below:
In accordance with the provisions of Strate, the electronic settlement and
custody system used by JSE, the relevant dates for the capitalisation award
election and the cash dividend alternative are as follows:
Activity 2008
Final details of the capitalisation award Friday, 21 November
to be released on SENS
Last day to trade to receive the cash Friday, 28 November
dividend or participate in the
capitalisation award
Shares commence trading ex the cash Monday, 1 December
dividend and the capitalisation award
Listing of the maximum number of new Monday, 1 December
ordinary shares to be taken up in terms of
the capitalisation award
Last day to elect to receive the Friday, 5 December
capitalisation award shares by no later
than 12:00
Record date to participate in the Friday, 5 December
capitalisation award or to receive the cash
dividend alternative
Payment of the cash dividend to Monday, 8 December
shareholders who have elected not to
participate in the capitalisation award or
have participated in the capitalisation
award in respect of only part of their
shareholding
New shares issued and posted or Central Monday, 8 December
Securities Depository Participant ("CSDP")
or broker accounts credited regarding the
shares to be issued to shareholders
participating in the capitalisation award
in respect of all or part of their
shareholding
Results of the capitalisation award Monday, 8 December
published on SENS
The maximum number of new shares listed in Thursday, 11 December
terms of the capitalisation award adjusted
to reflect the actual number of shares
issued in terms of the capitalisation award
on or about
Notes:
Shares may not be dematerialised or rematerialised between Monday, 1 December
2008 and Friday, 5 December 2008, both days inclusive.
The above dates and times are subject to change. Any changes will be published
on SENS.
The number of capitalisation shares to which shareholders are entitled will be
determined in the ratio that 1 cent per ordinary share bears to the 30-day
volume-weighted average price for SA French`s share, to be determined no later
than Thursday, 20 November 2008. Details of the ratio will be released on SENS
by no later than 11:00 on Friday, 21 November 2008.
Trading in the Strate environment does not permit fractions and fractional
entitlements. Accordingly, where a shareholder`s entitlement to new ordinary
shares calculated in accordance with the above formula gives rise to a fraction
of a new ordinary share, such fraction will be rounded up to the nearest whole
number, where the fraction is greater than or equal to 0.5, and rounded down to
the nearest whole number, where the fraction is smaller than 0.5.
The right to the capitalisation shares in jurisdictions other than the Republic
of South Africa may be restricted by law and a failure to comply with any of
those restrictions may constitute a violation of the securities laws of any such
jurisdiction. Shareholder`s rights to capitalisation shares are not being
offered, directly or indirectly, in the United States of America, the United
Kingdom, Canada, Australia or Japan, unless certain exemptions from the
requirements of those jurisdictions are applicable.
Dematerialised shareholders are required to notify their duly appointed CSDP or
broker of their election in terms of the capitalisation award in the manner and
at the time stipulated in the agreement governing the relationship between the
shareholder and his/her CSDP or broker.
The Annual Report incorporating the Notice of Annual General Meeting, form of
proxy and the circular to SA French shareholders will be posted to shareholders
on or about Wednesday, 19 November 2008.
Johannesburg
5 November 2008
Designated Adviser
Merchantec (Proprietary) Limited
Date: 05/11/2008 11:15:03 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
