SFN - Sasfin Holdings - Results Of The Cash And Scrip Dividend Alternative
SFN
SFN
SFN - Sasfin Holdings - Results Of The Cash And Scrip Dividend Alternative
Sasfin Holdings Limited
Ordinary share code: SFN
ISIN: ZAE000006565
("Sasfin" or the "company")
RESULTS OF THE CASH AND SCRIP DIVIDEND ALTERNATIVE
Shareholders are referred to the announcement of the company`s interim results
for the 6 months ended 31 December 2008, which was released on the Securities
Exchange News Service ("SENS") on Thursday, 5 March 2009, wherein Sasfin
ordinary shareholders were advised that the board of directors had resolved to
award an interim cash dividend of 71 cents per Sasfin ordinary share to Sasfin
ordinary shareholders recorded as such in the company`s registers on Thursday, 9
April 2009 ("the record date") but subject to shareholders having the right to
elect to receive instead, in respect of all or part of their shareholding, scrip
dividend shares.
The number of the new scrip dividend shares to which shareholders wishing to
participate in the scrip dividend alternative would become entitled was
determined in the ratio that 71 cents per ordinary share bears to R24.60, being
the 3-day volume weighted average traded price of the company`s ordinary shares
on the JSE Limited ("JSE") at the close of business on Wednesday, 25 March 2009.
This equated to 2.89 new Sasfin ordinary shares for every 100 Sasfin ordinary
shares held on the record date. Fractions of shares will not be issued.
Sasfin ordinary shareholders holding 20 779 557 Sasfin ordinary shares elected
to receive the scrip dividend alternative, resulting in the issue of 600 529 new
ordinary shares. Accordingly, a cash dividend of R4 723 223.88 was paid in
respect of 6 652 534 Sasfin ordinary shares.
Share certificates and dividend cheques in respect of the new shares were posted
to certificated shareholders at their risk and the CSDP or broker custody
accounts of dematerialised shareholders were credited today.
14 April 2009
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 14/04/2009 13:09:00 Produced by the JSE SENS Department.
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