Mutual & Federal Insurance Company Limited - Capitalisation Award With Cash
Dividend Default Alternative
Mutual & Federal Insurance Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/006619/06)
JSE Share Code: MAF NSX Share Code: MTF
ISIN: ZAE 000010823
(`the Company`)
CAPITALISATION AWARD WITH CASH DIVIDEND DEFAULT ALTERNATIVE
Attention is drawn to the Company`s interim results announcement for the six
months ended 30 June 2005 released on SENS on 25 July 2005, wherein notice was
given that an award of new fully paid ordinary shares (`the new shares`) will be
distributed to shareholders recorded in the register of the Company at the close
of business on Friday, 2 September 2005 (`the record date`). The last day to
trade to be entitled to participate in the capitalisation share award will be
Friday, 26 August 2005. Notice is hereby given, that the number of shares to
which shareholders will be entitled will be determined in the ratio that 40
cents per share bears to R25.05 per share being the 30 day volume weighted
average price as at the close of business on Wednesday, 17 August 2005.
This equates to 1,59681 new shares for every 100 ordinary shares held and
shareholders are required to elect to receive the capitalisation award in
respect of all or part of their shareholding. Shareholders not electing to
receive the capitalisation award will receive a cash dividend of 40 cents per
share. Subject to the approval of the JSE Limited, a listing of the maximum
number of new shares to be issued pursuant to the award will commence on Monday,
29 August 2005. The shares will trade `ex` the entitlement with effect from the
commencement of business on Monday, 29 August 2005.
In respect of dematerialised shareholders, safe custody accounts with the CSDP
or broker will be updated with the entitlement in respect of the new ordinary
shares and /or payments will be credited to their accounts at their CSDP or
broker on Monday, 5 September 2005.
Certificated shareholders will have their share certificates or cheques posted
at the risk of such shareholders on Monday, 5 September 2005.
Johannesburg
18 August 2005
Investment bank and Sponsor
Nedbank Capital
Sponsoring broker in Namibia
Old Mutual Investment Services (Namibia) (Pty) Ltd
Date: 18/08/2005 05:51:45 PM
Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
