| Mon 12 Feb 2007, 9:00 | | AMS - Anglo Platinum - Declaration Of Ordinary Div |
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AMS AMSP
ANANP
AMS - Anglo Platinum - Declaration Of Ordinary Dividend And Option
To Elect To Re-Invest 50% Of The Cash Dividend
Anglo Platinum Limited
Incorporated in the Republic of South Africa
Registration number: 1946/022452/06
JSE ordinary share code: AMS
ISIN code: ZAE000013181
JSE preference share code: AMSP
ISIN code: ZAE000054474
("Anglo Platinum" or "the company")
Declaration of ordinary dividend and option to elect to re-invest 50% of
the cash dividend
Notice is hereby given that the board of directors of Anglo Platinum has
declared a final dividend of 3 900 cents per ordinary share in respect of
the financial year ended 31 December 2006 ("the cash dividend").
In addition, the board has proposed that ordinary shareholders be given the
option to elect ("the re-investment election") to use 50% of the proceeds
of the cash dividend to subscribe for whole new ordinary shares in Anglo
Platinum ("the subscription shares"). The re-investment election will not
be offered directly or indirectly, in the United States of America, Canada,
Australia or Japan, unless certain exemptions from the requirements of
these jurisdictions are demonstrated by the ordinary shareholder concerned
to be applicable.
The number of subscription shares to which ordinary shareholders will
become entitled if they elect the re-investment election, will be
determined with reference to the issue price. The issue price will be the
weighted average traded price of the ordinary shares of the company on the
JSE Limited ("JSE") for the five business days ending Thursday, 1 March
2007 less 3 900 cents per ordinary share, being the amount of the cash
dividend per ordinary share.
To the extent that the proceeds of 50% of the cash dividend if applied in
subscribing for subscription shares would result in fractions of shares,
such fraction will be rounded up to the nearest whole number where the
fraction of a new ordinary share is greater than or equal to 0.5 and will
be rounded down to the nearest whole number where such fraction is less
than 0.5. To the extent that a fraction of a share is rounded up, the
subscription amount will exceed 50% of the cash dividend amount. This
excess will be deducted from the cash portion of the dividend due to such
shareholder. To the extent that a fraction is rounded down, the remaining
portion of the 50% in respect of which the ordinary shareholder has elected
to apply for subscription shares will be added to the cash portion due to
such shareholder. Entitlements will be posted to certificated shareholders
on or about Monday, 19 March 2007 ("the payment date"). Dematerialised
shareholders will have their accounts at their CSDP or broker credited on
Monday, 19 March 2007.
The subscription shares will be issued on Monday, 19 March 2007 and the
number of ordinary shares listed on the JSE will be adjusted on or about
Tuesday, 20 March 2007. Documentation dealing with the subscription shares
and the re-investment election will be posted to ordinary shareholders and
to holders of the convertible perpetual cumulative preference shares
("convertible preference shares") on Monday, 12 February 2007.
Only ordinary shareholders recorded in the register on Friday, 16 March
2007 will be entitled to receive the cash dividend and to elect the re-
investment election.
In accordance with the terms of the allotment and issue of the convertible
preference shares it is necessary for the conversion price applicable to
the convertible preference shares to be adjusted under the circumstances
where Anglo Platinum`s dividend cover is less than 1.4 times.
As the dividend cover in respect of the 2006 dividends is less than 1.4
times, it is necessary to adjust the conversion price to be used when
convertible preference shares are converted into ordinary shares. Currently
the conversion price is R288.43 or 34.6703 ordinary shares for each 100
convertible preference shares converted. The revised ratio will be
published on SENS and in the press once this has been determined.
The salient dates are as follows:
2007
Dividend declaration and finalisation date Monday, 12 February
Circular incorporating forms of election Monday, 12 February
posted to shareholders
Election period opens at 09:00 (SA time) Monday, 12 February
Announcement regarding the issue price per Friday, 2 March
subscription share released on SENS
Issue price for the subscription shares Friday, 2 March
released on SENS - finalisation date for the
re-investment election
Last day to trade to receive the cash Friday, 9 March
dividend and to be entitled to elect the re-
investment election
Ordinary shares trade "ex" dividend and re- Monday, 12 March
investment election
Maximum number of new ordinary shares listed Monday, 12 March
on the JSE in respect of the re-investment
election
Currency conversion rate applicable to the Tuesday, 13 March
ordinary dividend released on SENS
Election period closes for holders on the UK Wednesday, 14 March
register at 10:00 (UK time)
Election period closes for holders on the SA Friday, 16 March
register at 12:00 (SA time) (see note)
Record date to receive the cash dividend and Friday, 16 March
for the re-investment election
Dividend cheques or, where applicable, share Monday, 19 March
certificates and cheques in respect of the
cash dividend portion posted to certificated
shareholders on or about
Safe custody accounts with the CSDP or broker Monday, 19 March
credited and/or updated
Results announcement published on SENS Monday, 19 March
Adjusted number of new ordinary shares listed Tuesday, 20 March
on the JSE on or about
Results announcement published in the press Tuesday 20 March
No dematerialisation or re-materialisation of share certificates may take
place between Monday, 12 March 2007 and Friday, 16 March 2007, both days
inclusive.
No conversions of convertible preference shares may take place during the
period between Monday, 12 February 2007 and Friday, 16 March 2007, both
dates inclusive.
Note:
Dematerialised shareholders are required to notify their duly appointed
CSDP or broker of their acceptance of the offer in the manner and time
stipulated in the agreement governing the relationship between the
shareholder and his/her CSDP or broker.
By order of the board
J D Meyer Johannesburg
Group Company Secretary 12 February 2007
Registered address:
55 Marshall Street
Johannesburg 2001, South Africa
(PO Box 62179, Marshalltown, 2107)
South African Registrars
Computershare Investor Services 2004 (Pty) Limited
70 Marshall Street
Johannesburg 2001, South Africa
(PO Box 61051, Marshalltown, 2107)
Telephone +27 11 370 5000
Facsimile +27 11 688 5221
United Kingdom Registrars
Capita IRG plc, The Registry
34 Beckenham Road
Beckenham, Kent, BR3 4TU, England
Telephone +44 870 162-3100 (within UK)
Telephone +44 208 639-2157 (from outside UK)
Sponsor
Merrill Lynch South Africa (Pty) Ltd
Registration number 1995/001805/07
Registered Sponsor and Member of the
JSE Securities Exchange South Africa
Date: 12/02/2007 09:00:02 Produced by the JSE SENS Department.
