| Wed 17 Dec 2008, 12:21 | | DAW - Distribution and Warehousing Network - No Change Statement Notice Of |
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DAW
DAW
DAW - Distribution and Warehousing Network - No Change Statement, Notice Of
Annual General Meeting, The Proposed Capitalisation Award With A Cash
Dividend Alternative And Change Of Registered Address
Distribution and Warehousing Network Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/008265/06)
Share code: DAW
ISIN: ZAE000018834
("Dawn" or "the Company")
NO CHANGE STATEMENT, NOTICE OF ANNUAL GENERAL MEETING, THE PROPOSED
CAPITALISATION AWARD WITH A CASH DIVIDEND ALTERNATIVE AND CHANGE OF
REGISTERED ADDRESS
The annual report containing the audited financial statements for the
Company for the year ended 30 June 2008 has been dispatched to shareholders
on Wednesday, 17 December 2008. There are no changes from the audited
results for the year ended 30 June 2008, released on SENS on Tuesday, 26
August 2008 and in the press on Wednesday, 27 August 2008.
The annual report contains a notice of annual general meeting for the
Company, which will be held at 12:00 on Friday, 9 January 2009 at The
Westcliff, Sir Herbert Baker Room 67, Jan Smuts Avenue, Westcliff,
Johannesburg ("the AGM").
Notice is hereby given that the directors of the Company have resolved to
issue fully paid ordinary shares in the Company as a capitalisation award to
ordinary shareholders, subject to shareholder approval at the AGM. Ordinary
shareholders will be entitled, in respect of all or part of their
shareholding, to elect to receive a cash dividend of 35 cents per share to
be paid only to those ordinary shareholders who elect in respect of all or
part of their shareholding, on or before 12:00, Friday, 3 April 2009 to
receive the cash dividend alternative. Shareholders not electing to receive
the cash dividend alternative of 35 cents per Dawn ordinary share in respect
of all or part of their shareholding will be awarded the capitalisation
award.
Proposed salient dates and times of the capitalisation award and cash
dividend alternative 2009
In accordance with the provisions of Strate
Limited, the electronic settlement and
custody system used by JSE Limited, the
relevant dates for the capitalisation
award and the cash dividend alternative
are as follows:
Final details of the capitalisation award
ratio to be released on SENS on Friday, 20 March
Final details of the capitalisation award
ratio to be published in the press on Monday, 23 March
Last day to trade to participate in the
capitalisation award or to receive the
cash dividend alternative on Friday, 27 March
Shares trades "EX" the capitalisation award
and the cash dividend alternative on Monday, 30 March
Listing of the maximum number of new ordinary
shares to be taken up in terms of the
capitalisation award on Monday, 30 March
Last day to elect to receive cash dividend or
participate in the capitalisation award by no
later than 12:00 Friday, 3 April
Record date to participate in the capitalisation
award or to receive the cash dividend
alternative Friday, 3 April
Results of the capitalisation award released
on SENS on Monday, 6 April
Payment of the cash dividend to 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 Monday, 6 April
New shares issued and posted or CSDP or
broker accounts credited regarding the
shares to be issued to shareholders who
have elected to participate in the
capitalisation award in respect of all or
part of their shareholding or have failed
to make an election on Monday, 6 April
Results of the capitalisation award published
in the press on Tuesday, 7 April
The maximum number of new shares listed in
terms of the capitalisation award adjusted to
reflect the actual number of shares issued in
terms of the capitalisation award on or about Thursday, 9 April
Notes:
1. Shares may not be dematerialised or rematerialised between Monday, 30
March 2009 and Friday, 3 April 2009, both days inclusive.
2. The above dates and times are subject to change. Any changes will be
published on SENS and in the press. The number of capitalisation shares to
which shareholders are entitled will be determined in the ratio that 35
cents per ordinary share bears to the 30-day volume weighted average price
for the Company`s share, to be determined by no later than Thursday, 19
March 2009. Details of the ratio will be published on SENS not later than
Friday, 20 March 2009 and in the financial press the following business day.
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 less than
0,5.
3. The right to 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 jurisdictions. Shareholders` 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.
Note:
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.
Change of registered address
With effect from Monday, 29 December 2008, the registered address of the
Company will change to Cnr Barlow Road and Cavaleros Drive, Jupiter
Extension 3, Germiston with the telephone number being 011 323 0450 and the
facsimile number being 011 323 0466.
Johannesburg
17 December 2008
Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/000034/07)
Date: 17/12/2008 12:21:20 Produced by the JSE SENS Department.
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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.
