| Mon 8 Dec 2008, 17:38 | | SFH - SA French - Results Of Capitalisation Award |
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SFH
SFH
SFH - SA French - Results 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")
RESULTS OF CAPITALISATION AWARD
SA French shareholders were advised on Wednesday, 1 October 2008 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 alternative
of 1 cent per share, and were subsequently advised on Wednesday, 5 November 2008
that the record date to participate in the capitalisation award or to receive
the cash dividend alternative was Friday, 5 December 2008.
Furthermore, shareholders were advised on Friday, 21 November 2008 that the
number of capitalisation shares to which shareholders were entitled, in terms of
the capitalisation award was 3.6697 shares for every 100 shares held. No
fractions of shares would be issued.
These ratios were arrived at by dividing 1 cent per share by 27.25 cents, being
the volume weighted average price of the ordinary shares of the company on the
JSE Limited for the 30 days ended Thursday, 20 November 2008.
Shareholders are now advised that SA French shareholders holding 37 487 773 SA
French shares have elected to receive the capitalisation award, resulting in the
issue of 1 375 689 new shares and R1 275 122.27 being paid to shareholders in
respect of the cash dividend alternative.
Dividend cheques and/or share certificates in respect of new shares were posted
to certificated shareholders today, Monday, 8 December 2008. Central Securities
Depository Participant or broker custody accounts of dematerialised shareholders
were also credited today.
Johannesburg
8 December 2008
Designated Adviser
Merchantec (Proprietary) Limited
Date: 08/12/2008 17:38:19 Produced by the JSE SENS Department.
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