IST Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 98/11521/06)
("IST" or "the Company")
RESULTS OF CAPITALISATION SHARE AWARD
Introduction
BoE Merchant Bank, a division of BoE Bank Limited, is authorised to announce
that, further to the announcement published on 25 April 2001, elections to
receive the cash alternative of 3 cents per ordinary share were made in
respect of a total of 98 792 794 ordinary shares in the company, resulting
in the declaration of a cash dividend of approximately R2 964 199.80 for the
year ended 28 February 2001.
Results Of Capitalisation Share Award
The weighted average price of IST ordinary shares on the JSE Securities
Exchange South Africa ("JSE") for the five business days ended Friday, 15
June 2001 discounted by a factor of 5 % was 77.95605 cents per share. The
capitalisation award has therefore been determined according to a ratio of
3.848322 new ordinary shares for every 100 ordinary shares held on Friday,
18 May 2001. Pursuant to the capitalisation share award, 1 340 836 new
ordinary shares will be issued.
Accordingly, the issued ordinary share capital of the company has increased
by 1 340 836 new ordinary shares from 133 648 757 ordinary shares to 134 989
593 ordinary shares.
Listing of new ordinary shares
The 1 340 836 new ordinary shares will be listed on the JSE on or about
Wednesday, 20 June 2001.
Allotment of new ordinary shares and posting of cheques
The new ordinary shares to be issued pursuant to the capitalisation award
will be allotted on or about Wednesday, 20 June 2001.
Cheques in respect of the dividend will be posted to shareholders on or
about Wednesday, 20 June 2001 and shareholders making use of the electronic
dividend payment system will also be paid on or about Wednesday, 20 June
2001.
Pretoria
18 June 2001
Corporate Advisor Sponsor
BoE Merchant Bank BoE Securities
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