NU-WORLD HOLDINGS LIMITED
("NU-WORLD")
(REGISTRATION NUMBER 68/02490/06)
TERMS OF CAPITALISATION SHARE AWARD
CAPITALISATION SHARE AWARD AND RIGHT OF ELECTION TO RECEIVE A CASH DIVIDEND IN
LIEU THEREOF
THE DIRECTORS HAVE RESOLVED TO AWARD CAPITALISATION SHARES TO ORDINARY
SHAREHOLDERS REGISTERED IN THE BOOKS OF THE COMPANY AT THE CLOSE OF BUSINESS ON
FRIDAY, 6 NOVEMBER 1998.
THE AWARD WILL TAKE PLACE IN THE RATIO OF 0,75 ORDINARY SHARES PER 100 ORDINARY
SHARES HELD BY NU-WORLD ORDINARY SHAREHOLDERS REGISTERED AS SUCH IN THE BOOKS
OF THE COMPANY AT THE CLOSE OF BUSINESS ON FRIDAY, 6 NOVEMBER 1998 ("THE RECORD
DATE") PROVIDED THAT SUCH SHAREHOLDERS WILL BE ENTITLED, IN RESPECT OF ALL OR
PART OF THEIR SHAREHOLDING, TO ELECT TO RECEIVE INSTEAD A DIVIDEND OF 15,5
CENTS PER ORDINARY SHARE ("THE CASH ELECTION").
LISTING OF SHARES ISSUED IN TERMS OF THE AWARD
THE NU-WORLD ORDINARY SHARES TO BE ISSUED IN TERMS OF THE AWARD WILL BE ISSUED
AND LISTED ON THE JOHANNESBURG STOCK EXCHANGE ("JSE") WITH EFFECT FROM THE
COMMENCEMENT OF BUSINESS ON WEDNESDAY, 9 DECEMBER 1998, SUBJECT TO THE APPROVAL
OF THE JSE.
FRACTIONAL ENTITLEMENTS
WHERE THE ENTITLEMENTS TO CAPITALISATION SHARES RESULT IN NU-WORLD ORDINARY
SHAREHOLDERS BEING ENTITLED TO RECEIVE A FRACTION OF A NU-WORLD ORDINARY SHARE,
THESE FRACTIONS WILL BE AGGREGATED AND SOLD ON THE JSE FOR THE BENEFIT OF THE
RELEVANT SHAREHOLDERS.
DOCUMENTATION
DOCUMENTATION RELATING TO THE CAPITALISATION AWARD AND THE CASH ELECTION,
SUBJECT TO THE APPROVAL OF THE JSE, WILL BE POSTED TO NU-WORLD ORDINARY
SHAREHOLDERS ON OR ABOUT FRIDAY, 13 NOVEMBER 1998. IN ORDER TO BE VALID,
COMPLETED ELECTION FORMS FOR THOSE SHAREHOLDERS WISHING TO RECEIVE THE CASH
ELECTION WILL NEED TO BE RECEIVED BY THE COMPANY'S TRANSFER SECRETARIES BY NO
LATER THAN 12:00 ON FRIDAY, 4 DECEMBER 1998. APPLICATION WILL BE MADE TO THE
JOHANNESBURG STOCK EXCHANGE FOR THE CAPITALISATION SHARES TO BE LISTED WITH
EFFECT FROM THE COMMENCEMENT OF BUSINESS ON WEDNESDAY, 9 DECEMBER 1998. IT IS
EXPECTED THAT DIVIDEND/FRACTION CHEQUES AND SHARE CERTIFICATES IN RESPECT OF
NEW ORDINARY SHARES WILL BE POSTED TO SHAREHOLDERS ON OR ABOUT WEDNESDAY, 9
DECEMBER 1998.
SALIENT DATES
1998
LAST DAY FOR REGISTRATION FOR THE
CAPITALISATION AWARD FRIDAY, 6 NOVEMBER
LAST DAY TO BE REGISTERED IN ORDER TO MAKE
THE CASH ELECTION FRIDAY, 6 NOVEMBER
NU-WORLD ORDINARY SHARES TRADE EX DIVIDEND
ON THE JSE ON MONDAY, 9 NOVEMBER
CIRCULAR AND FORM OF ELECTION POSTED TO
SHAREHOLDERS FRIDAY, 13 NOVEMBER
LAST DAY TO MAKE THE CASH ELECTION
BY 12:30 FRIDAY, 4 DECEMBER
JSE ADVISED OF SHARES TAKEN UP MONDAY, 7 DECEMBER
NU-WORLD ORDINARY SHARES ISSUED IN TERMS
OF THE CAPITALISATION AWARD LISTED
ON THE JSE WEDNESDAY, 9 DECEMBER
SHARE CERTIFICATES AND CHEQUES IN RESPECT
OF THE CAPITALISATION AWARD AND THE RESIDUAL
CASH PAYMENT IN RESPECT OF FRACTIONAL
ENTITLEMENTS WILL BE POSTED ON WEDNESDAY, 9 DECEMBER
BY ORDER OF THE BOARD
NU-WORLD HOLDINGS LIMITED
G HINDLE
SECRETARY
JOHANNESBURG
16 OCTOBER 1998
SPONSORING BROKER
SG FRANKEL POLLAK SECURITIES (PTY) LTD
(MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)
(REGISTRATION NUMBER 96/05886/07)