BAT
BRAIT
BAT - Brait SE - Bonus share issue
BRAIT SE
(Registered in Malta as a European Company)
(Registration No.SE1)
Share code: BAT & ISIN: LU0011857645
("Brait" or "the Company")
BONUS SHARE ISSUE
Shareholders are referred to the annual results announcement released on SENS on
6 June 2012 ("the results announcement") relating to the Bonus Share Issue and
Cash Dividend Alternative.
The number of Brait New Shares ("New Shares") to which shareholders will be
entitled pursuant to the Bonus Share Issue will be determined by such
shareholder`s shareholding in Brait as of 10 August 2012 ("Record date") in
relation to the ratio that 20.59 ZAR cents (2.13 Euro cents) bears to ZAR22.62
cents, being the 60-day volume weighted average price ("VWAP") of ordinary Brait
shares on the Luxembourg Stock Exchange and the Johannesburg Securities Exchange
during the trading period ending on Monday 4 June 2012. This conversion ratio
amounts to 0.91026 per every 100 Brait shares held by the shareholder at the
Record date.
Fractions and fractional entitlements are not possible due to various corporate
law and listings requirements. Accordingly, where a shareholder`s entitlement to
New Shares calculated in accordance with the above formula gives rise to a
fraction of an ordinary share, such fraction of an ordinary share 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
less than 0.5.
The related circular and form of election, containing full details of the Bonus
Share Issue and Cash Dividend Alternative will now be posted to shareholders on
Tuesday, 3 July 2012, together with the annual report (and notice of AGM
containing the proposed resolutions necessary for the implementation of the
Bonus Share Issue and Cash Dividend Alternative) instead of 22 June 2012, as was
previously indicated in the results announcement. The rest of the salient dates
contained in the results announcement remain unchanged.
22 June 2012
Malta
Merchant bank and sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 22/06/2012 16:00:01 Produced by the JSE SENS Department.
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