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NETCARE - CAPITALISATION SHARE AWARD

Release Date: 14/01/1999 16:27
Code(s): NTC
Wrap Text
NETWORK HEALTHCARE HOLDINGS LIMITED
("NETCARE" OR "THE COMPANY")
(REGISTRATION NUMBER 96/08242/06)
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
CAPITALISATION SHARE AWARD

1. PURSUANT TO THE NOTICE PUBLISHED ON 22 DECEMBER 1998 TOGETHER WITH THE PRELIMINARY REPORT FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 1998, THE DIRECTORS HAVE RESOLVED TO AWARD CAPITALISATION SHARES TO ORDINARY
SHAREHOLDERS, REGISTERED AS SUCH IN THE BOOKS OF THE COMPANY ON FRIDAY, 22 JANUARY 1999 IN THE RATIO OF 3 NEW FULLY PAID ORDINARY SHARES FOR EVERY 100 HELD.
2. WHERE ENTITLEMENTS TO NEW ORDINARY SHARES RESULT IN FRACTIONS OF SHARES, SUCH FRACTIONS WILL NOT BE ALLOCATED AND ISSUED, BUT WILL INSTEAD BE AGGREGATED AND SOLD ON THE JOHANNESBURG STOCK EXCHANGE ("THE JSE") FOR THE BENEFIT OF SUCH SHAREHOLDERS, BASED ON THE PREVAILING ORDINARY SHARE PRICE.
3. THE CAPITALISATION SHARES WILL BE LISTED ON THE JSE ON FRIDAY, 29 JANUARY 1999 AND THE SHARE CERTIFICATES AND FRACTION CHEQUES (NET OF COSTS) POSTED ON THE SAME DAY.
4. THE NEW ORDINARY SHARES TO BE ISSUED PURSUANT TO THE AWARD, WILL BE ISSUED AS FULLY PAID UP BY WAY OF CAPITALISATION OF THE REQUISITE PORTION OF THE COMPANY'S SHARE PREMIUM ACCOUNT. SANDTON 14 JANUARY 1999 SPONSORING BROKER MERRILL LYNCH SMITH BORKUM HARE MERRILL LYNCH SOUTH AFRICA (PTY) LTD. MEMBER OF THE JOHANNESBURG STOCK EXCHANGE REGISTRATION NUMBER 95/01805/07

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