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NU-WORLD RESULTS OF CAPITALISATION AWARD

Release Date: 20/12/1999 08:02
Code(s): NWL
Wrap Text
NU-WORLD HOLDINGS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 68/02490/06)
("NU-WORLD")
RESULTS OF CAPITALISATION AWARD

THE AWARD OF CAPITALISATION SHARES TO NU-WORLD ORDINARY SHAREHOLDERS REGISTERED ON FRIDAY, 12 NOVEMBER 1999, DETAILS OF WHICH WERE SET OUT IN A CIRCULAR TO NU-WORLD ORDINARY SHAREHOLDERS DATED FRIDAY, 19 NOVEMBER 1999, CLOSED ON FRIDAY, 10 DECEMBER 1999.
ON MONDAY, 25 OCTOBER 1999, IT WAS ANNOUNCED THAT NU-WORLD SHAREHOLDERS MAY ELECT TO RECEIVE A CASH DIVIDEND OF 17,0 CENTS PER NU-WORLD ORDINARY SHARE AND CONSEQUENTLY SUCH DIVIDEND IS PAYABLE ONLY ON THOSE SHARES IN RESPECT OF WHICH THE ELECTION HAS BEEN MADE TO RECEIVE THE CASH DIVIDEND.
ELECTIONS TO RECEIVE THE CASH DIVIDEND WERE MADE IN RESPECT OF 1 931 459 NU-WORLD ORDINARY SHARES, BEING 9,06% OF THE NU-WORLD ORDINARY SHARES IN ISSUE. ACCORDINGLY, 368 514 NEW NU-WORLD ORDINARY SHARES WILL BE ISSUED AND LISTED ON THE JOHANNESBURG STOCK EXCHANGE WITH EFFECT FROM THE COMMENCEMENT OF BUSINESS TODAY.
SHARE CERTIFICATES IN RESPECT OF NU-WORLD ORDINARY SHARES AND DIVIDEND/FRACTION CHEQUES WILL BE DESPATCHED TO NU-WORLD SHAREHOLDERS AT THEIR RISK TODAY. JOHANNESBURG 20 DECEMBER 1999 JOINT SPONSORING BROKERS SG SG FRANKEL POLLAK SECURITIES (PTY) LTD REG. NO. 96/05886/07 MEMBER OF THE JOHANNESBURG STOCK EXCHANGE BOE SECURITIES BOE SECURITIES (PTY) LTD MEMBER OF THE JOHANNESBURG STOCK EXCHANGE CO. REG. NO. 96/15588/97

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