Metropolitan Life Limited
SHARE CODE: MET
ISIN CODE: ZAE000012068
Announcement regarding the interim dividend
Metropolitan Life Limited ("Metropolitan") is in the process of
restructuring the group to create a new listed holding company, New Africa
Capital Limited ("NAC"). The restructuring is via a scheme of arrangement
("scheme") which, if approved, will result in NAC owning 100% of the shares
of Metropolitan with effect from the close of business on 20 September 2001.
Shareholders of Metropolitan are meeting on 6 September 2001 to consider the
scheme.
Metropolitan will be announcing its interim results for the six months to 30
June 2001 on 19 September 2001. To prevent an overlap of the restructuring
timetable and the payment of the dividend, thereby complicating the scheme,
the Board of Metropolitan has decided to declare the interim dividend prior
to the publication of the financial results.
The interim dividend will therefore be announced on 7 September 2001 so that
the last day to register will co-incide with the record date for determining
the participants of the scheme (20 September 2001). The JSE Securities
Exchange South Africa has agreed to these arrangements.
This dividend declaration is not dependent on the outcome of the
shareholders meetings.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
