| Thu 19 Nov 2009, 15:00 | | SHF - Steinhoff International Holdings Limited - Capitalisation share award: |
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SHF
SHF
SHF - Steinhoff International Holdings Limited - Capitalisation share award:
Issue price and ratio of entitlement
STEINHOFF INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 1998/003951/06
("Steinhoff" or "the company")
Share Code: SHF ISIN: ZAE000016176
CAPITALISATION SHARE AWARD: ISSUE PRICE AND RATIO OF ENTITLEMENT
Shareholders are referred to the announcement of the terms of the capitalisation
share award ("the share award") published on the Securities Exchange News
Service ("SENS") of the JSE Limited ("the JSE") on 11 November 2009 and in the
press on 12 November 2009 ("the terms announcement") and are hereby advised that
the issue price of the share award has now been determined.
The issue price applicable to the share award is 1832 cents per share, which is
the volume weighted average traded price per Steinhoff share on the JSE over the
five trading days up to and including Wednesday, 18 November 2009, being the
last practical date before the finalisation and release of this announcement on
SENS.
Based on the issue price referred to above, the ratio of entitlement to
capitalisation shares will be 4 shares for every 100 shares held on 4 December
2009 ("the record date"). Therefore, the maximum number of capitalisation
shares that will be issued, should all shareholders elect to retain the share
award, is 57 062 476 shares.
Shareholders will receive capitalisation shares in the company unless they elect
by the record date to receive the final cash distribution of 60 cents per share
in respect of the financial year ended 30 June 2009.
Based on the ratio of entitlement of 4 for every 100 shares held, the cash
distribution of 60 cents per share translates to a discount of 18.1% to the
equivalent value of the capitalisation shares valued at the issue price.
Application has been made to the JSE for the maximum possible number of
capitalisation shares to be issued in terms of the capitalisation award to be
listed with effect from the commencement of business on Monday, 30 November
2009. An adjustment of the capitalisation shares listed will be made on or
about Tuesday, 8 December 2009, in accordance with the actual elections made.
The salient dates applicable to the share award as announced on SENS on 11
November 2009 remain unchanged.
Johannesburg
19 November 2009
Company Secretary: S J Grobler
Sponsor: PSG Capital (Proprietary) Limited
Date: 19/11/2009 15:00:01 Produced by the JSE SENS Department.
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