Mutual & Federal - Results Of The Capitalisation A
Mutual & Federal - Results Of The Capitalisation Award
Mutual & Federal Insurance Company Limited
(Registration number: 1970/006619/06)
(`Mutual & Federal` or `the company`)
Share code JSE: MAF Share code NSX: MTF ISIN: ZAE000010823
RESULTS OF THE CAPITALISATION AWARD
Shareholders were advised on Monday, 25 July 2005 that shareholders were
entitled to elect to receive the capitalisation share award in lieu of a cash
dividend of 40 cents per share.
Capitalisation shares would be awarded to those Mutual & Federal shareholders
recorded in the register as such on Friday, 2 September 2005, the record date.
Shareholders were subsequently advised that, the rounded number of
capitalisation shares to which shareholders were entitled, in terms of the
capitalisation award, was 1,59681 shares for every 100 shares held. No fractions
of shares would be issued
This ratio was arrived at by dividing 40 cents per share by R25.05, the weighted
average trading price of the ordinary shares of the company on the JSE Limited
(`JSE`) for the 30 days ended Thursday, 18 August 2005.
Shareholders are now advised that Mutual & Federal shareholders holding 15 286
080 Mutual & Federal shares have elected to receive the capitalisation share
award, resulting in the issue of 244 090 new shares.
Accordingly R105 604 740 was paid in respect of cash dividends.
Dividend cheques and share certificates in respect of new shares were posted to
certificated shareholders on Monday, 5 September 2005. The CSDP or broker
custody accounts of dematerialised shareholders were credited on Monday, 5
September 2005.
Johannesburg
5 September 2005
Sponsor
Nedbank Capital
Date: 05/09/2005 05:12:02 PM
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