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FBR
FBR
FAMOUS BRANDS - Payment to shareholders by way of a reduction of capital
from the share premium account
FAMOUS BRANDS LIMITED
Incorporated in the Republic of South Africa
Registration number 1969/004875/06
Share code: FBR
ISIN: ZAE000053328
"Famous Brands" or "the group"
Payment to shareholders by way of a reduction of capital from the share
premium account
INTRODUCTION
As indicated in the interim results, an aggregate payment to shareholders
of R15 767 143, or 18 cents per share, is proposed, which payment shall
be effected by means of a reduction of share premium (the "December
payment").
A circular containing details of the above and including notice of a
general meeting was posted to shareholders on Thursday, 2 November 2006.
Set out below are the pro forma financial effects and salient dates in
respect of the December payment.
PRO FORMA FINANCIAL EFFECTS
The pro forma financial effects of the December payment to shareholders
are set out below. These financial effects are prepared for illustrative
purposes only and may not give a fair reflection of the financial
position of Famous Brands after the December payment to shareholders is
made. The pro forma financial effects are the responsibility of the board
of directors of Famous Brands.
before after % change
(cents) (cents)
Net Asset value per share 318.61 300.37 (5.7)
Net tangible asset value per 69.19 50.94 (26.4)
share
The before column reflects Famous Brand"s net asset value per share and
net tangible asset value per share as per the unaudited interim results
for the six months ended 31 August 2006.
The after column reflects Famous Brand"s net asset value per share and
net tangible asset value per share after the December payment to
shareholders, based on the assumption that the December payment to
shareholders was made on 31 August 2006 and the associated costs of the
December payment to shareholders were made in cash and writtenoff share
premium.
The pro forma financial information has been prepared in accordance with
the accounting policies adopted in presenting the interim results.
SALIENT DATES
The salient dates in respect of the payment to shareholders are as
follows:
2006
Last day to lodge forms of proxy for the Wednesday, 15 November
general meeting by 08h00 on
General meeting to be held at 08h00 on Friday, 17 November
Announcement of results of general meeting Friday, 17 November
and declaration of December payment to
shareholders on the Securities Exchange News
Service
Publication of announcement of results of Monday, 20 November
general meeting in the press and of
declaration of December payment to
shareholders on
Last day to trade in order to qualify for the Friday, 24 November
payment to shareholders
Shares trade "ex" the entitlement to the Monday, 27 November
December payment to shareholders from
The record date for the December payment to Friday, 1 December
shareholders
Date of payment of December payment to Monday, 4 December
shareholders
Note:
No de-materialisation or re-materialisation of share certificates may
take place between Monday, 27 November 2006 and Friday, 1 December 2006,
both days inclusive.
Rosebank
9 November 2006
Corporate advisor, legal advisor and sponsor
Java Capital (Proprietary) Limited
Reporting accountants
RSM Betty & Dickson (Johannesburg)
Date: 09/11/2006 04:54:02 PM Produced by the JSE SENS Department
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