| Thu 17 Sep 2009, 11:00 | | AFE - AECI - Confirmation Of Ratio For Capitalisation Award |
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AFE
AFE
AFE - AECI - Confirmation Of Ratio For Capitalisation Award
AECI LIMITED
Incorporated in the Republic of South Africa
(Registration No 1924/002590/06)
Share code: AFE & ISIN code: ZAE000000220
("AECI" or "the Company")
CONFIRMATION OF RATIO FOR CAPITALISATION AWARD
AECI shareholders are referred to the announcement which was released by the
Company on the Securities Exchange News Service ("SENS") on Tuesday, 28 July
2009, and published in the press on Wednesday, 29 July 2009, together with the
circular posted on 7 September 2009 regarding the capitalisation award.
According to the terms of the capitalisation award, the number of shares to
which shareholders are entitled has been determined in the ratio that 28 cents
per ordinary share bears to the 30-day volume-weighted average traded price of
AECI ordinary shares on the JSE Limited ("JSE") at the close of business on
Wednesday, 16 September 2009 ("VWAP"), being: R55,71.
Shareholders will accordingly be entitled to receive 0.50260 shares for every
100 shares held on Friday, 2 October 2009, being the record date in terms of the
capitalisation award, in lieu of the cash dividend of 28 cents per share.
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 smaller than 0.5.
By order of the Board
EA Rea
Acting Company secretary
Woodmead, Sandton
17 September 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/09/2009 11:00:01 Produced by the JSE SENS Department.
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