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Capital Alliance Holdings Limited - Finalisation Information Relating To The
Release Date: 31/07/2003 16:21:56 Code(s): CPT
Capital Alliance Holdings Limited - Finalisation Information Relating To The
Capitalisation Share Award
Capital Alliance Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1952/000756/06)
Share code: CPT ISIN: ZAE000011904
("Capital Alliance" or "the company")
FINALISATION INFORMATION RELATING TO THE CAPITALISATION SHARE AWARD.
Shareholders are referred to the capitalisation share award terms
announcement made on Tuesday, 17 June 2003. Shareholders were advised that the
directors had resolved to award capitalisation shares to ordinary shareholders
recorded in the register of the company at the close of business on Friday, 15
August 2003, the record date.
The rounded number of capitalisation shares to which a shareholder will be
entitled, in terms of the capitalisation award, will be determined by
multiplying the number of ordinary shares held by the shareholder, by the ratio
of 0,0842.
This ratio was arrived at by multiplying 84 cents per share by 1,05 and
dividing the result by 1048 cents, the weighted average trading price of the
ordinary shares of the company on the JSE Securities Exchange South Africa ("the
JSE") for the five business days ended Wednesday, 30 July 2003. Shareholders
electing to receive the capitalisation shares will accordingly be entitled to
8,42 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 84 cents per share ("the election"). The last day to make the
election is Friday, 15 August 2003.
The last day to trade Capital Alliance shares on the JSE, to ensure a
purchaser appears as an owner on the record date, will be Friday, 8 August 2003.
Application will be made to the JSE for the maximum number of capitalisation
shares to be listed with effect from the commencement of business on Monday, 11
August 2003 when the price of the company"s securities will be quoted "ex" the
capitalisation award. Dividend cheques and share certificates in respect of new
ordinary shares will be posted to certificated shareholders on or about Monday,
18 August 2003. Central Securities Depository Participant or broker accounts
will be credited on Monday, 18 August 2003 in respect of dematerialised
shareholders.
Johannesburg
31 July 2003
Sponsor
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
Date: 31/07/2003 04:22:00 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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