| Fri 20 Mar 2009, 15:20 | | DAW - Dawn - Capitalisation Award With A Cash Dividend Alternative |
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DAW
DAW
DAW - Dawn - Capitalisation Award With A Cash Dividend Alternative
Distribution and Warehousing Network Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/008265/06)
Share code: DAW & ISIN code: ZAE000018834
("Dawn" or "the Company")
CAPITALISATION AWARD WITH A CASH DIVIDEND ALTERNATIVE
Shareholders are referred to the announcement released on SENS on Wednesday, 17
December 2008 and in the press on Thursday, 18 December 2008, wherein notice was
given that a capitalisation award of new fully paid ordinary shares will be
distributed to shareholders who elected the capitalisation award, recorded in
the register of the Company at the close of business on Friday, 3 April 2009 and
that the last day to trade to be entitled to participate in the capitalisation
award will be Friday, 27 March 2009.
Notice is hereby given that the number of shares to which shareholders will be
entitled will be determined as follows:
* in the ratio that 35 cents per share bears to R6.84 per share, being the 30
day volume weighted average price ("VWAP") at the close of business on Thursday,
19 March 2009.
This equates to 5.11696 new Dawn ordinary shares for every 100 shares held.
Shareholders wishing to participate in the cash dividend in respect of all or
part of their shareholding must elect to do so. Shareholders not electing to
receive the cash dividend of 35 cents per share will receive capitalisation
award.
Subject to the approval of the JSE Limited, a listing of the maximum number of
shares to be issued pursuant to the capitalisation award will take place on
Monday, 30 March 2009, on which date the shares will trade "ex" the entitlement.
Shares may not be dematerialised or rematerialised between Monday, 30 March 2009
and Friday, 3 April 2009, both days inclusive. A circular (including a form of
election) dealing with the capitalisation award was posted to shareholders on
Friday, 13 March 2009.
Shareholders who have dematerialised their shares are required to notify their
duly appointed 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. Certificated shares or cheques will be
posted by registered post to certificated shareholders at their risk on or about
Monday, 6 April 2009.
In respect of dematerialised shareholders, safe custody 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 or
about Monday, 6 April 2009.
A further announcement will be published on SENS and in the press on or about
Monday, 6 April 2009, detailing the results of the capitalisation award and cash
dividend alternative.
Johannesburg
20 March 2009
Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited
Date: 20/03/2009 15:20:02 Produced by the JSE SENS Department.
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