SASFIN HOLDINGS LIMITED
(Registration number 1987/002097/06)
Share code: SFN ISIN code : ZAE000006565
("Sasfin" or "the Company")
FINALISATION OF CAPITALISATION AWARD
Shareholders were advised on Friday, 24 August 2001 that capitalisation
shares would be awarded to those Sasfin ordinary shareholders registered as
such on Friday, 14 September 2001, the record date.
Sasfin ordinary shareholders were entitled to elect on or before Wednesday,
12 September 2001 to receive a cash dividend of 63 cents per share in lieu
of the capitalisation award.
The rounded number of capitalisation shares to which a shareholder was
entitled, in terms of the capitalisation award, was determined by
multiplying the number of ordinary shares held by the shareholder, by a
ratio of 0,0919581.
This ratio was arrived at by multiplying 63 cents per share by 1,06 and
dividing the result by R 7, 262, the weighted average trading price of the
ordinary shares of the company on the JSE Securities Exchange South Africa
("JSE") for the three days ending Wednesday, 29 August 2001.
Shareholders who elected to receive the capitalisation shares accordingly
received 9,19581 shares for every 100 shares held on the record date.
Fractions of shares were not issued.
Sasfin ordinary shareholders holding 15 262 281 Sasfin ordinary shares
(being 67,03 % of the Sasfin ordinary shares in issue) elected to receive
the cash dividend, resulting in the declaration of a total dividend of R 9
615 237,03.
Capitalisation shares were issued to Sasfin ordinary shareholders holding 7
506 006 Sasfin ordinary shares. Accordingly 690 074 new Sasfin ordinary
shares were issued and listed on the JSE with effect from the commencement
of business on Monday, 10 September 2001.
Dividend cheques and share certificates (where required) in respect of new
ordinary shares were posted to shareholders on Monday, 17 September 2001.
The CSDP custody accounts of dematerialised shareholders were credited on
Monday, 17 September 2001.
Johannesburg
19 September 2001
Sponsor
SASFIN BANK LIMITED
(Registration number 1951/002280/06)
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