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MPC
MPC
Mr Price - Distribution out of share premium account
Mr Price Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004418/06)
ISIN: ZAE000026951
Share Code: MPC
("Mr Price")
DISTRIBUTION OUT OF SHARE PREMIUM ACCOUNT
As reported in the unaudited group results for the six months to 30 September
2006, Mr Price intends to make an interim distribution to shareholders of 30,4
cents a share, of which 20 cents a share is represented by a distribution out of
share premium account ("the general payment"). In terms of the authority granted
by shareholders at the annual general meeting held on 27 July 2006 and in
compliance with the Listings Requirements of the JSE Limited, the following
information is published.
Set out in the table below are the pro forma financial effects of the
distribution on the company"s earnings per share, headline earnings per share,
net asset value per share and net tangible asset value per share, based on the
published unaudited results for the six months to 30 September 2006 had the
general payment been made as at 1 April 2006. The pro forma financial effects
have been prepared for illustrative purposes only and, because of their nature,
may not give a true reflection of the company"s financial position or results.
The pro forma financial effects are the responsibility of the company"s
directors.
Results as Results Percentage
published adjusted for change
the impact of (%)
the general
payment
(cents) (cents)
Basic earnings per share 67,6 70,2 3.8%
Headline earnings per share 67,9 70,4 3.7%
Diluted basic earnings 65,2 67,7 3.8%
per share
Diluted headline earnings 65,4 67,9 3.8%
per share
Net asset value at 30/09/2006 433 436 0.7%
Tangible net asset value 431 434 0.7%
at 30/09/2006
Note:
The adjustment to earnings per share, headline earning per share, net asset
value per share and tangible net asset value per share takes into account the
impact of the reduction in STC attributable to the payment out of share premium
and the financing benefit applicable to the reduced STC charge. It does not take
into account the quantum of the general payment or the financing effect
applicable to the general payment because, had this payment not been made, a
compensatingly larger dividend distribution would have been made out of
distributable income.
Reminder of the salient dates of the general payment to shareholders:
Date
Last date to trade "cum" the distribution Friday, 1 December 2006
Date trading commences "ex" the distribution Monday, 4 December 2006
Record date Friday, 8 December 2006
Date of payment Monday, 11 December 2006
Shareholders may not dematerialise or rematerialise their share certificates
between Monday, 4 December 2006 and Friday, 8 December 2006, both dates
inclusive.
Durban
4 December 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 04/12/2006 01:32:06 PM Produced by the JSE SENS Department
