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JSE FCPD
FCPD
FCPD - Foord Compass Limited - Finalisation Announcement
FOORD COMPASS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003591/06)
JSE code: FCPD - ISIN: ZAE000054466
("Compass" or "the company")
FINALISATION ANNOUNCEMENT RELATING TO THE DEBENTURE INTEREST PAYMENT AND
ELECTION
Debenture holders are referred to the preliminary results for the year ended 31
December 2006 released on SENS on 19 January 2007 and published in the
press on 22 January 2007 as well as the notice released on SENS on 22
January 2007.
These announcements contained a notice relating to a debenture interest payment
of 60.404 cents per debenture in respect of the six months ended 31
December 2006 payable to debenture holders recorded in the debenture
register on Friday, 9 February 2007 ("the record date"). As provided for
in section 6.4 of the Debenture Trust Deed, the board resolved that the
debenture interest payment would be settled by the issue of debentures
("the interest debentures"). Debenture holders may, however, elect to
receive a cash interest payment instead of the interest debentures ("the
cash election").
Ratio of debentures to be issued:
The ratio of interest debentures to be issued has been determined with reference
to the weighted average traded price of the debentures on the JSE Limited
("JSE") for the five trading days ended at the close of business on
Thursday, 25 January 2007. This weighted average traded price of 924.531
cents, less the interest distribution of 60.404 cents, results in an issue
price of 864.127 cents per debenture and a ratio of 6.990 interest
debentures for each 100 debentures held on the record date.
Certificated debenture holders who wish to elect to receive the cash interest
payment in respect of all or a part of their debenture holding, must
complete a Form of Election (mailed previously) in accordance with the
instructions therein and return such election form to the company`s
transfer secretaries, Computershare Investor Services 2004 (Pty) Limited,
to be received by no later than 12:00 on the record date. Dematerialised
debenture holders who wish to elect to receive the cash interest payment in
respect of all or a part of their debenture holding must, in terms of the
agreement between themselves and their CSDP or broker, instruct their CSDP
or broker accordingly.
If the cash election is not made by dematerialised debenture holders by the cut-
off time stipulated by their CSDP or broker, or by 12:00 on Friday, 9
February 2007 in the case of certificated debenture holders, debenture
holders will be deemed to have elected to receive new fully paid Compass
debentures at the issue price of 864.127 cents. Only rounded numbers of
interest debentures will be issued based on conventional rounding
principles. No fractions will be paid. The right to receive interest
debentures may not be traded on the JSE.
The last day to trade in the debentures for purposes of entitlement to the
interest payment will be Friday, 2 February 2007. The debentures will
commence trading ex the interest payment on Monday, 5 February 2007.
Cheques and/or new debenture certificates will be posted by registered post
to certificated debenture holders and the safe custody accounts updated
and/or credited by CSDPs or brokers of dematerialised debenture holders on
or about Monday, 12 February 2007. Debenture certificates may not be
dematerialised or rematerialised between Monday, 5 February 2007 and
Friday, 9 February 2007, both days inclusive.
Cape Town
26 January 2007
Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 26/01/2007 12:56:01 Produced by the JSE SENS Department.
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