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Share Consolidation to be Implemented and Cautionary Announcement
NUTRITIONAL HOLDINGS LIMITED
(Registration number: 2004/002282/06)
(Incorporated in the Republic of South Africa)
(Share Code: NUT ISIN Code: ZAE000298568)
(“Nutritional Holdings” or “the Company”)
SHARE CONSOLIDATION TO BE IMPLEMENTED AND CAUTIONARY ANNOUNCEMENT
IMPLEMENTATION OF THE SHARE CONSOLIDATION
Shareholders are referred to the share consolidation finalisation announcement published
on SENS on 18 May 2021 (“Finalisation Announcement”) and the subsequent
announcement published by the JSE on 26 May 2021 advising that the Company’s listing
on the JSE Limited had been suspended in accordance with paragraph 1.6 of the JSE
Listing Requirements.
Shareholders are advised that notwithstanding the suspension of the Company’s listing,
the share consolidation will be implemented in accordance with the salient dates
incorporated in the Finalisation Announcement as republished below and that with effect
from 7 June 2021, every 25 shares held by a shareholder will be reduced to 1 share.
A table illustrating the impact of the share consolidation on a shareholder in terms of the
number of shares held before the consolidation and the number of shares that will be held
after the consolidation, is set out below. In the case of fractional entitlements, all
allocations of consolidated shares will be rounded down to the nearest whole number
resulting in allocations of whole shares together with a cash payment for the fraction to be
paid out to shareholders. The cash value to be paid out will be determined utilising the
weighted average traded price of the Company’s shares as at 26 May 2021 (being the
day on which the Company’s listing was suspended by the JSE) and will be paid directly
by the Company.
Shareholding Shareholding Cash value to Shareholding Shareholding Cash value to
pre- post be paid out pre- post be paid out
consolidation consolidation (cents) consolidation consolidation (cents)
1 - 1.00000 56 2 6.00000
2 - 2.00000 57 2 7.00000
3 - 3.00000 58 2 8.00000
4 - 4.00000 59 2 9.00000
5 - 5.00000 60 2 10.00000
6 - 6.00000 61 2 11.00000
7 - 7.00000 62 2 12.00000
8 - 8.00000 63 2 13.00000
9 - 9.00000 64 2 14.00000
10 - 10.00000 65 2 15.00000
11 - 11.00000 66 2 16.00000
12 - 12.00000 67 2 17.00000
13 - 13.00000 68 2 18.00000
14 - 14.00000 69 2 19.00000
15 - 15.00000 70 2 20.00000
16 - 16.00000 71 2 21.00000
17 - 17.00000 72 2 22.00000
18 - 18.00000 73 2 23.00000
19 - 19.00000 74 2 24.00000
20 - 20.00000 75 3 -
21 - 21.00000 76 3 1.00000
22 - 22.00000 77 3 2.00000
23 - 23.00000 78 3 3.00000
24 - 24.00000 79 3 4.00000
25 1 - 80 3 5.00000
26 1 1.00000 81 3 6.00000
27 1 2.00000 82 3 7.00000
28 1 3.00000 83 3 8.00000
29 1 4.00000 84 3 9.00000
30 1 5.00000 85 3 10.00000
31 1 6.00000 86 3 11.00000
32 1 7.00000 87 3 12.00000
33 1 8.00000 88 3 13.00000
34 1 9.00000 89 3 14.00000
35 1 10.00000 90 3 15.00000
36 1 11.00000 91 3 16.00000
37 1 12.00000 92 3 17.00000
38 1 13.00000 93 3 18.00000
39 1 14.00000 94 3 19.00000
40 1 15.00000 95 3 20.00000
41 1 16.00000 96 3 21.00000
42 1 17.00000 97 3 22.00000
43 1 18.00000 98 3 23.00000
44 1 19.00000 99 3 24.00000
45 1 20.00000 100 4 -
46 1 21.00000 1 000 40 -
47 1 22.00000 10 000 400 -
48 1 23.00000 100 000 4 000 -
49 1 24.00000 1 000 000 40 000 -
50 2 - 5 000 000 200 000 -
51 2 1.00000 10 000 000 400 000 -
52 2 2.00000 50 000 000 2 000 000 -
53 2 3.00000 100 000 000 4 000 000 -
54 2 4.00000 500 000 000 20 000 000 -
55 2 5.00000 1 000 000 000 40 000 000 -
The salient dates and times of the Consolidation are set out below:
SALIENT DATES AND TIMES 2021
Last day to trade in existing Nutritional Holdings shares on the
JSE prior to the Consolidation Tuesday, 1 June
Date for trading in consolidated shares under the new
ISIN ZAE000298568 commences Wednesday, 2 June
Announcement released on SENS in respect of the cash
payment applicable to fractional entitlements, based on the
volume weighted average price of consolidated shares traded
on Wednesday, 2 June 2021, less 10%, by 11:00 am on Thursday, 3 June
Forms of surrender for new certificates to be received by the
transfer secretaries in order for new certificates reflecting the
consolidation to be posted on Monday, 7 June 2021, by 12:00
on Friday, 4 June
Record date for the Consolidation at the close of business Friday, 4 June
Date that accounts of dematerialised shareholders at their
CSDP or broker will be updated and will receive fraction
allocation payments Monday, 7 June
Date of issue of new replacement share certificates, provided
that the old share certificates have been lodged by 12:00 on
the record date (Friday, 7 June 2021), on or about (share
certificates received after this time will be posted within five
business days of receipt) Monday, 7 June
Notes:
1. All times quoted in are local times in South Africa.
2. In respect of the Consolidation, shareholdings may not be dematerialised or
rematerialised between Wednesday, 2 June 2021 until Friday 4 June 2021.
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the fact that the share consolidation will be implemented
whilst the Company’s listing on the JSE remains suspended may have a material effect on
the price at which the Company’s shares may have been expected to trade post
consolidation. Shareholders are accordingly advised to exercise caution when dealing in
the Company’s securities on the lifting of the suspension.
By order of the Board
Durban
3 June 2021
__________________________________________________________________________________
Designated Advisor
AcaciaCap Advisors Proprietary Limited
Date: 03-06-2021 10:55:00
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
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