| Fri 21 Nov 2008, 10:42 | | SFH - S A French Limited - Final Details Of Capitalisation Award |
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SFH
SFH
SFH - S A French Limited - Final Details Of Capitalisation Award
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")
FINAL DETAILS OF CAPITALISATION AWARD
Shareholders are referred to the announcement released on the Securities
Exchange News Service ("SENS") on Wednesday, 1 October 2008, wherein SA French
shareholders were advised that the board had resolved to issue fully paid
ordinary shares in the company as a capitalisation award to ordinary
shareholders in lieu of a dividend, and the subsequent change of salient dates
announcement released on SENS on Wednesday, 5 November 2008, and are hereby
notified that the number of capitalisation shares to which shareholders are
entitled has been determined in the ratio that 1 cent per share bears to the 30-
day volume weighted average price ("VWAP") for SA French shares at the close of
business on Thursday, 20 November 2008, being 27.25 cents per share.
This equates to 3.6697 new SA French ordinary shares for every 100 shares held.
Shareholders wishing to participate in the capitalisation award in respect of
all or part of their shareholding, must elect to do so on or before 12:00 on
Friday, 5 December 2008. The last day to trade to be entitled to the
capitalisation award will be Friday, 28 November 2008. Shareholders not electing
to receive the capitalisation award will receive a cash dividend of 1 cent per
share.
Subject to the approval of JSE Limited, a listing of the maximum number of
shares to be issued pursuant to the capitalisation award will take place on
Monday, 1 December 2008, on which date the shares will trade "ex" the
entitlement. Shares may not be dematerialised or rematerialised between Monday,
1 December 2008 and Friday, 5 December 2008, both days inclusive.
The circular to SA French shareholders, regarding the capitalisation award with
a cash dividend alternative (and incorporating a form of election), was posted
to shareholders on Wednesday, 19 November 2008.
Shareholders who have dematerialised their shares are required to notify their
duly appointed Central Securities Depository Participant ("CSDP") or broker of
their election in the manner and time stipulated in the custody agreement
governing the relationship between the shareholder and their CSDP or broker.
Share certificates or cheques (whichever is applicable) will be sent by
registered post or ordinary post respectively to certificated shareholders at
the risk of such shareholders on or about Monday, 8 December 2008.
In respect of dematerialised shareholders, accounts with the CSDP or broker will
be updated with the entitlement in respect of the new ordinary shares and / or
payments will be credited to their CSDP or broker accounts on Monday, 8 December
2008.
A further announcement will be released on SENS on or about Monday, 8 December
2008, detailing the results of the capitalisation award and the cash dividend
alternative.
Johannesburg
21 November 2008
Designated Adviser
Merchantec (Proprietary) Limited
Date: 21/11/2008 10:42:01 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.
