Metropolitan Holdings Limited - Notice of a capital reduction
Metropolitan Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 2000/031756/06
(`Metropolitan` or `the Company`)
JSE Code: MET
NSX Code: MTD
ISIN Code: ZAE000050456
Notice of a capital reduction
An ordinary resolution authorising the directors of the Company by way of a
general authority to distribute to shareholders share capital and reserves of
the Company, in terms of Section 90 of the Companies Act, 1973 (Act 61 of 1973),
as amended, was approved at the general meeting of Metropolitan shareholders
held on Wednesday, 1 September 2004.
Notice is hereby given that on 2 December 2004 the board of directors of the
Company resolved to reduce the Company`s share premium by way of a cash payment
of 100 cents per ordinary and preference share in the capital of the Company to
all the shareholders reflected in its share register at the close of business on
Friday, 7 January 2005 (`the record date`).
This is a further step in an ongoing capital management process, and the Company
will continue looking into all aspects of its capital management with a view to
optimising capital efficiencies.
Shareholders are reminded that this distribution does have capital gains tax
implications for them, and are requested to seek clarity on their specific
circumstances.
The salient dates pertaining to the capital reduction are as follows:
2004/5
Last day to trade to qualify for payment Friday, 31 December
Shares trade without payment Monday, 3 January
Record date Friday, 7 January
Payment to shareholders Monday, 10 January
No share certificates may be dematerialised or rematerialised between Monday, 3
January 2005 and Friday, 7 January 2005, both dates inclusive.
Cape Town
3 December 2004
Sponsor in South Africa
Merrill Lynch South Africa (Pty) Limited
Date: 03/12/2004 09:00:06 AM
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