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Sage Group Limited - Results Of The Capitalisation Share Award With Cash
Dividend Alternative And Share Subscription Elections
Sage Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/010541/06)
Share code: SGG ISIN No.: ZAE 000006623
("Sage" or "the company")
RESULTS OF THE CAPITALISATION SHARE AWARD WITH CASH DIVIDEND ALTERNATIVE AND
SHARE SUBSCRIPTION ELECTIONS
1. Introduction
In terms of the announcements published in the press on 21 August 2002, 11
September 2002 and 20 September 2002, the rights of election in terms of the
capitalisation share award with cash dividend alternative and share subscription
elections terminated at 14:30 on Friday, 4 October 2002.
2. Results
The share subscription election and the capitalisation share award was made
in respect of a total of 94 606 046 ordinary shares out of a total possible
number of 148 124 925 ordinary shares in issue. Shareholders in respect of
63,9% of the issued ordinary share capital of Sage elected shares and the
balance representing 36,1% elected the cash dividend. The details relating to
these results are as follows:
2.1 The share subscription election was made in respect of a total of
43 628 545 ordinary shares out of a total possible number of 148 124 925
ordinary shares in issue, representing 29,5% of the ordinary share capital of
the company.
2.2 The capitalisation share award was made in respect of a total of 50 977 501
ordinary shares out of a total possible number of 148 124 925 ordinary shares in
issue, representing 34,4% of the ordinary share capital of the company.
2.3 The cash dividend alternative election was made in respect of a total of
53 518 879 ordinary shares out of a total possible number of 148 124 925
ordinary shares in issue, representing 36,1% of the ordinary share capital of
the company.
2.4 Accordingly, 3 854 951 new ordinary shares in respect of the capitalisation
share award and 2 984 986 new ordinary shares in respect of the share
subscription election, equal to a total of 6 839 937 new ordinary shares are to
be issued and a cash dividend payment of R13 379 719,75 is to be made.
3. Listing
The maximum number of 11 201 222 shares that could have been issued in
terms of the capitalisation share award (which were listed on the JSE
Securities Exchange South Africa with effect from Monday, 30 September
2002) will accordingly be reduced to 6 839 937 shares with effect from
Wednesday, 9 October 2002.
As a result of the above the total issued share capital of Sage will be
increased to 154 964 862 ordinary shares.
4. Issue of shares and dividend payments
Share certificates in respect of the new ordinary shares issued in terms of
the capitalisation share award and the share subscription election and
cheques in respect of the cash dividend alternative will be posted to
certificated shareholders entitled thereto today. Dematerialised
shareholders will have their safe custody accounts with their CSDP or
broker credited and updated today.
Johannesburg
7 October 2002
Transactional sponsor Sponsor
Grant Thornton Kessel ABSA Corporate and
Feinstein Corporate Merchant Bank
Sponsors (Proprietary) Corporate Finance
Limited (Registration number
(Registration number 1986/004794/06)
2000/003541/07)
Date: 07/10/2002 03:37:00 PM Produced by the JSE SENS Department
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