Nuclicks - Finalisation Information Relating To Th
NuClicks - Finalisation Information Relating To The Capitalisation Share
Award
New Clicks Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/000645/06)
JSE share code: NCL ISIN: ZAE000014585
("NuClicks" or "the company")
FINALISATION INFORMATION RELATING TO THE CAPITALISATION SHARE AWARD
Shareholders are referred to the capitalisation share award terms
announcement made on Tuesday, 14 May 2002. Shareholders were advised that
the directors had resolved to award capitalisation shares to ordinary
shareholders registered in the books of the company at the close of business
on Friday, 5 July 2002, the record date.
The rounded number of capitalisation shares to which a shareholder will
be entitled to, in terms of the capitalisation award, will be determined by
multiplying the number of ordinary shares held by the shareholder, by the
ratio of 0,01357.
This ratio was arrived at by multiplying 9,9 cents per share by 1,05 and
dividing the result by R7,66, the weighted average trading price of the
ordinary shares of the company on the JSE Securities Exchange South Africa
("the JSE") for the three days ended Wednesday, 19 June 2002. Shareholders
electing to receive the capitalisation shares will accordingly be entitled
to 1,35705 shares for every 100 shares held on the record date.
Shareholders are entitled to decline the award of capitalisation shares
in respect of all or part of their shareholding, and instead, may elect to
receive a cash dividend of 9,9 cents per share ("the election"). The last
day to make the election is Wednesday, 3 July 2002.
The last day to trade NuClicks shares on the JSE, to ensure a purchaser
appears, as an owner on the record date will be Friday, 28 June 2002.
Application will be made to the JSE for the capitalisation shares to be
listed with effect from the commencement of business on Monday, 1 July 2002
when the price of the company`s securities will be quoted "ex" the
capitalisation award. Dividend cheques and share certificates (where
required) in respect of new ordinary shares will be posted to shareholders
on or about Monday, 8 July 2002. CSDP accounts will be credited on Monday, 8
July 2002 in respect of dematerialised shareholders.
Cape Town
20 June 2002
Sponsor
Investec Securities Limited
Member of the JSE
(Registration number. 1972/008905/06)
Date: 20/06/2002 02:10:54 PM Produced by the SENS Department
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