Sage Group Limited - Results Of Capitalisation Sha
SAGE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1970/010541/06)
RESULTS OF CAPITALISATION SHARE AWARD AND ELECTION TO RECEIVE A CASH
DIVIDEND
Further to the announcement published in the press on Monday, 18 June 2001,
elections to receive a cash dividend of 81 cents per ordinary share in
respect of the year ended 31 March 2001 were made in respect of a total of
112726937 ordinary shares in Sage, resulting in the payment of a total
ordinary dividend of R91308819 (which excludes R982 in residual cash
payments in lieu of fractional entitlements to new ordinary shares arising
out of the capitalisation share awars referred to below).
The weighted average traded price of Sage ordinary shares on the JSE
Securities Exchange SA ("the JSE") for the four business days ended
Thursday, 19 July 2001 was 839,46 cents. 97% of that traded price equated to
814 cents.
As a consequence of the aforegoing and based on the formula for the
capitalisation issue entitlement published in the press on 18 June 2001, a
capitalisation entitlement of 9,278 ordinary shares for each 100 ordinary
shares held on 22 June 2001 was derived. Applying that entitlement, 2971814
new ordinary shares were issued pursuant to the capitalisation share award.
Accordingly, the number of issued ordinary shares in the share capital of
Sage has increased from 144757700 ordinary share to 147729514 ordinary
shares.
Listing of new ordinary shares
The JSE has granted a listing with effect from the commencement of business
on the JSE on Friday, 27 July 2001 of the 2971814 new ordinary shares issued
in terms of the capitalisation share award.
Posting of share certificate and cheque
Share certificates in respect of the new ordinary shares and cheques in
respect of dividend and/or residual cash payments in lieu of fractional
entitlements to new ordinary shares have been posted to ordinary
shareholders entitled thereto.
By order of the board
CS Cant
Secretary
Johannesburg
27 July 2001
Sponsors
Merrill Lynch
Smith Borkum Hare
ABN AMRO Securities (South Africa) (Pty) Ltd
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