| Fri 26 Sep 2003, 13:06 | | FINALISATION INFORMATION RELATING TO THE CASH DIV |
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SASFIN HOLDINGS LIMITED - FINALISATION INFORMATION RELATING TO THE CASH DIVIDEND
AND SCRIP DIVIDEND ALTERNATIVE
SASFIN HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/002097/06)
("Sasfin" or "the company")
Share Code: SFN
ISIN Number: ZAE000006565
FINALISATION INFORMATION RELATING TO THE CASH DIVIDEND AND SCRIP DIVIDEND
ALTERNATIVE
Shareholders are referred to the company"s results announcement made on SENS on
Wednesday, 10 September 2003 and in the press on Thursday, 11 September 2003.
Shareholders were advised, inter alia, that the directors had resolved to pay a
cash dividend of 33 cents per share to ordinary shareholders recorded in the
books of the company at the close of business on Friday, 10 October 2003 ("the
record date"). Shareholders could elect to receive a scrip dividend in lieu of a
cash dividend in respect of all or part of their shareholding ("the scrip
dividend alternative").
The rounded number of shares to which a shareholder will be entitled in terms of
the scrip dividend alternative will be determined by multiplying the number of
ordinary shares held by the shareholder by 33 cents and then dividing by 547,735
cents, being the weighted average trading price of the ordinary shares of the
company on the JSE Securities Exchange South Africa ("JSE") for the three
business days ending Thursday, 25 September 2003.
Shareholders electing to receive the scrip dividend alternative will accordingly
be entitled to 6,025 shares for every 100 shares held on the record date.
Fractions of shares will not be issued. The last day to trade the company"s
shares on the JSE to ensure a purchaser appears as an owner on the record date
will be Friday, 3 October 2003. As the company has elected to pay the Secondary
Tax on Companies, the base cost for capital gains tax purposes will be 547,735
cents.
Application will be made to the JSE for the maximum number of shares to be
listed with effect from the commencement of business on Monday, 6 October 2003
when the price of the company"s securities will be quoted "ex" the dividend.
Uncertificated securities in terms of the scrip dividend alternative can be
traded from Monday, 6 October 2003.
A form of election dealing with the scrip dividend alternative and election was
posted to shareholders who have not yet dematerialised their shares
("certificated shareholders") on Thursday, 18 September 2003. Certificated
shareholders who wish to receive the scrip dividend alternative should complete
the form of election and deliver/post it to the transfer secretaries so that it
is received by them by no later than 12h00 on Friday, 10 October 2003.
Dematerialised shareholders must advise their Central Securities Depository
Participant ("CSDP") or broker regarding their election in terms of the
agreement in existence between the dematerialised shareholder and the CSDP or
broker. Share certificates may not be dematerialised or rematerialised between
Monday, 6 October 2003 and Friday, 10 October 2003, both days inclusive.
It is expected that dividend cheques or share certificates (where required) in
respect of new ordinary shares will be posted to certificated shareholders on or
about Monday, 13 October 2003. Dematerialised shareholders will have their safe
custody accounts held at their CSDP or broker credited or updated on Monday, 13
October 2003.
An adjustment of the maximum number of shares listed, in order to reflect the
actual election, will be made on Tuesday, 14 October 2003.
Johannesburg
26 September 2003
Joint Sponsor
Sasfin Corporate Finance
A division of Sasfin Bank Limited
Lead Sponsor
KPMG
Date: 26/09/2003 12:28:03 PM Produced by the JSE SENS Department
