Amalgamated Appliance Holdings Limited - Results O
AWARD
Amalgamated Appliance Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/004130/06)
("AMAP")
RESULTS OF CAPITALISATION SHARE AWARD
Bridge Capital Services (Proprietary) Limited is authorised to announce
that, further to the announcement published in the press on Monday, 21 May
2001, the right of election:
* to decline the capitalisation share award and to receive instead a cash
dividend of 2,0 cents per share, in respect of shareholders holding 10 000
ordinary shares or more; and
* to decline the cash dividend of 2,0 cents per share and receive instead
the capitalisation shares, in respect of shareholders holding fewer than 10
000 ordinary shares, terminated at 12:00 on Friday, 22 June 2001. The
weighted average price of AMAP ordinary shares on the JSE Securities
Exchange South Africa ("the JSE") for the four business days ended Thursday,
21 June 2001, was 57,0319 cents. Accordingly, the capitalisation share award
has been determined according to a ratio of 3,506805 new ordinary shares for
every 100 ordinary shares held on Friday, 25 May 2001.
Results of capitalisation share award
Allotments of new ordinary shares in AMAP in terms of the capitalisation
share award were made in respect of a total of 156 901 770 ordinary shares
out of a total possible number of 198 695 405 ordinary shares, representing
a 78,97% issue in lieu of a dividend payment. The election to receive a cash
dividend was made in respect of a total of 41 793 432 ordinary shares in
AMAP, resulting in a total dividend payment of R835 868,64.
Listing
The JSE has granted a listing of the 5 502 309 new ordinary shares issued in
terms of the capitalisation share award from the commencement of business on
the JSE on Wednesday, 27 June 2001. Accordingly, the issued ordinary share
capital of AMAP has increased by 5 502 309 ordinary shares from 198 695 405
ordinary shares to 204 197 714 ordinary shares.
Posting of share certificates and dividend cheques
Share certificates in respect of new ordinary shares issued in terms of the
capitalisation share award and cheques in respect of the cash dividend will
be posted to the relevant shareholders on or about Wednesday, 27 June 2001.
Johannesburg
25 June 2001
Sponsor
Bridge Capital Services (Pty) Limited
(Registration number 1998/016301/07)
(A sponsor registered with the JSE Securities Exchange South Africa)
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
