Release Date: 09/12/2002 15:15:57 Code(s): NCL
NUCLICKS - RESULTS OF CAPITALISATION AWARD
New Clicks Holdings Limited
(Registration number 1996/000645/06)
Share code: NCL ISIN: ZAE000014585
("NuClicks" or "the Company")
RESULTS OF CAPITALISATION AWARD
Shareholders were advised on Monday, 14 October 2002 that capitalisation shares
would be awarded to those NuClicks ordinary shareholders recorded in the
register on Friday, 6 December 2002, the record date.
NuClicks ordinary shareholders were entitled to elect on or before Friday, 6
December 2002 to receive a cash dividend of 14.1 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 0.02313.
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 ("JSE") for
the three days ended Wednesday, 20 November 2002.
Shareholders who elected to receive the capitalisation shares accordingly
received 2,31328 shares for every 100 shares held on the record date. Fractions
of shares were not issued.
NuClicks ordinary shareholders holding 60 962 570 NuClicks ordinary shares
elected to receive the cash dividend, resulting in the declaration of a total
dividend of R8 595 722.37.
Accordingly 5 656 410 new Nuclicks ordinary shares were issued and listed on the
JSE with effect from the commencement of business on Monday, 9 December 2002.
Dividend cheques and share certificates (where required) in respect of new
ordinary shares were posted to shareholders on Monday, 9 December 2002.
The CSDP and broker custody accounts of dematerialised shareholders were
credited on Monday, 9 December 2002.
Cape Town
9 December 2002
Sponsor
Investec Securities Limited
Date: 09/12/2002 03:15:55 PM Produced by the JSE SENS Department
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