| Fri 13 Aug 2010, 16:10 | | BEGP - Beige Holdings Limited - Declaration of final preference dividend and |
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BEG BEGP
BEG
BEGP - Beige Holdings Limited - Declaration of final preference dividend and
information relating to the conversion and redemption of the cumulative, non-
participating, convertible, redeemable preference shares
BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
("Beige" or "the company")
ISIN Code: ZAE000097036 & Share code: BEGP
DECLARATION OF FINAL PREFERENCE DIVIDEND AND INFORMATION RELATING TO THE
CONVERSION AND REDEMPTION OF THE CUMULATIVE, NON-PARTICIPATING, CONVERTIBLE,
REDEEMABLE PREFERENCE SHARES
DIVIDEND DECLARATION
Shareholders are advised that the board of directors of the Company have
declared the third and final preference dividend of 8.40 cents per share ("the
dividend") in respect of the 8% cumulative, non-participating, convertible,
redeemable preference shares in Beige.
The salient dates in respect of the dividend are set out below:
2010
Last date to trade "cum" the preference dividend Friday, 27 August
Securities start trading "ex" dividend from the Monday, 30 August
commencement of business on
Record date to determine who receives the dividend Friday, 03 September
Payment date in respect of the preference dividend Monday, 06 September
Shares may not be dematerialised or rematerialised between Monday, 30 August
2010 and Friday, 03 September 2010, both dates inclusive.
CONVERSION AND REDEMPTION OF PREFERENCE SHARES
Shareholders are reminded that the terms of the preference share provide that
the shares can be converted at the election of the shareholder not less than
three years and one day after the date of issue of the preference shares at a
conversion ratio of seven ordinary shares for every one preference share held on
the record date, giving an effective price of 15 cents per ordinary share. Any
preference shares not converted will be automatically redeemed by the Company at
the issue price of the preference shares, being R1.05 per share.
Shareholders are advised that the company is currently preparing a circular
containing full details of the process to be followed by those shareholders
electing to convert their preference shares and, where such shares are not
converted, the date of redemption of the unconverted preference shares. Salient
dates in respect of the conversion and redemption of the preference shares will
be announced on SENS in due course.
JOHANNESBURG
13 August 2010
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 13/08/2010 16:10:02 Produced by the JSE SENS Department.
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