| Fri 2 Jul 2010, 11:22 | | TON - Tongaat Hulett Limited - Scrip distribution ratio |
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TON
THGL
TON - Tongaat Hulett Limited - Scrip distribution ratio
Tongaat Hulett Limited
(Registration No. 1892/000610/06)
JSE share code: TON
ISIN: ZAE000096541
SCRIP DISTRIBUTION RATIO
Further to the announcement of the results for the financial period ended 31
March 2010, as released on the Securities Exchange News Service of the JSE
Limited ("JSE") on 28 May 2010 and published in the press on 31 May 2010, in
which shareholders were notified of the payment of a scrip distribution,
shareholders are hereby advised that the volume weighted average price of
ordinary shares on the JSE during the 22-day trading period ended on Thursday,
1 July 2010 was 10 419 cents (R104.19) per share.
Accordingly, the number of ordinary shares to which shareholders participating
in the scrip distribution will be entitled, is determined in the ratio that
175 cents multiplied by a factor of 1,05 bears to 10 419 cents which equates
to 1,76360 new ordinary shares per every 100 ordinary shares held.
Ordinary shares to be issued in terms of the scrip distribution will be listed
and, accordingly, tradeable from Thursday, 15 July 2010.
Shareholders who wish to receive the cash dividend alternative of 175 cents
per ordinary share must elect to do so by 12:00 (11:00 UK time) on Friday, 16
July 2010, in accordance with the provisions of the circular and form of
election which was posted to shareholders on 18 June 2010. No action is
required if you wish to receive the scrip distribution.
A further announcement, in respect of the results of the scrip distribution,
will be made on or about Friday, 23 July 2010.
Amanzimnyama
Tongaat, KwaZulu-Natal
2 July 2010
Advisor and transaction sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Sponsor
Investec Bank Limited
Attorneys
Shepstone & Wylie Attorneys
Date: 02/07/2010 11:22:01 Produced by the JSE SENS Department.
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