| Mon 6 Apr 2009, 15:52 | | DAW - Dawn - Results of a capitalisation award with a cash dividend alternative |
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DAW
DAW
DAW - Dawn - Results of a 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")
RESULTS OF A CAPITALISATION AWARD WITH A CASH DIVIDEND ALTERNATIVE
Dawn shareholders were advised on SENS on Wednesday, 17 December 2008 and in the
press on Thursday, 18 December 2008 that they were entitled to elect to receive
the cash dividend alternative of 35 cents per share in lieu of a capitalisation
award. Capitalisation shares would be awarded to those Dawn shareholders
recorded in the register as such on Friday, 3 April 2009, the record date.
Shareholders were subsequently advised on SENS on Friday, 20 March 2009 and in
the press on Monday, 23 March 2009 that the number of capitalisation shares to
which shareholders were entitled, in terms of a capitalisation award was 5.11696
shares for every 100 shares held. No fractions of shares would be issued.
These ratios were arrived at by dividing 35 cents per share by R6.84, being the
volume weighted average price of the ordinary shares of the Company on the JSE
Limited ("JSE") for the 30 days ended Thursday, 19 March 2009. Shareholders are
hereby advised that Dawn shareholders holding 93 560 602 Dawn shares have
elected to receive the cash dividend alternative, resulting in R32 746 210-70
being paid to shareholders in respect of the cash dividend alternative and 5 112
014 new shares being issued in terms of a capitalisation award.
Dividend cheques and share certificates in respect of new shares were posted to
certificated shareholders today, Monday, 6 April 2009. The CSDP or broker
accounts of dematerialised shareholders were also credited today.
Johannesburg
6 April 2009
Sponsor
Deloitte & Touche Sponsor Services (Pty) Limited
Date: 06/04/2009 15:52:02 Produced by the JSE SENS Department.
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