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)
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 Monday, 14 October 2002. Shareholders were advised that the
directors had resolved to award capitalisation shares to ordinary shareholders
recorded in the books of the company at the close of business on Friday, 6
December 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 0,02313.
This ratio was arrived at by multiplying 14,1 cents per share by 1,05 and
dividing the result by R6,40, 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, 20 November 2002. Shareholders electing to
receive the capitalisation shares will accordingly be entitled to 2,31328 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 14,1 cents per share ("the election"). The last day to make
the election is Friday, 6 December 2002. Dematerialised shareholders should
instruct their duly appointed CSDP or broker as to their election in the manner
and time stipulated in the agreement governing the relationship between the
shareholder and the CSDP or broker.
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, 29 November 2002.
Application will be made to the JSE for the capitalisation shares to be listed
with effect from the commencement of business on Monday, 2 December 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 certificated shareholders on or about
Monday, 9 December 2002. CSDP accounts will be credited and/or updated on
Monday, 9 December 2002 in respect of dematerialised shareholders.
Cape Town
21 November 2002
Sponsor
Investec Securities Limited
Member of the JSE
(Registration number 1972/008905/06)
Date: 21/11/2002 12:23:33 PM Produced by the JSE SENS Department
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