To view the PDF file, sign up for a MySharenet subscription.

Steers Holdings - Cash Dividend Distribution in Lieu of Capital Distribution

Release Date: 05/11/2003 14:10
Code(s): STE
Wrap Text

Steers Holdings - Cash Dividend Distribution in Lieu of Capital Distribution Steers Holdings Limited (Registration number. 1969/004875/06) Share code: STE ISIN code: ZAE000008330 ("Steers Holdings" or "the company") Cash Dividend Distribution in Lieu of Capital Distribution Shareholders are referred to the announcement published on 27 October 2003 in which a capital distribution of 6,5 cents per Steers Holdings share (the "capital distribution") was declared, subject to JSE Securities Exchange South Africa and Steers Holdings shareholder approval. Subject to shareholder approval at the general meeting being called to consider the acquisition of the shares in Pleasure Foods (Pty) Limited ("the acquisition"), Steers Holdings intends paying the purchase consideration in respect of the acquisition on or about 1 December 2003. If Steers Holdings were to proceed with the capital distribution, this would result in a delay in the issue of the consideration shares in respect of the acquisition (which would not have ranked for the capital distribution) resulting in interest penalties to Steers Holdings. Consequently and in order to expedite the payment of the cash dividend to Steers Holdings shareholders, the directors of Steers Holdings have resolved to declare a cash dividend of 6,5 cents per share instead of the capital distribution. The salient dates and times relating to the cash dividend are as follows: 2003
Last day to trade in Steers Holdings shares for purposes of entitlement to the Friday, 21 November cash dividend Steers Holdings shares to trade ex cash Monday, 24 November dividend Record date for the cash dividend Friday, 28 November Payment of cash dividend Monday, 1 December Steers Holdings share certificates may not be dematerialised or re-materialised between Monday, 24 November and Friday, 28 November, both days inclusive. Johannesburg 5 November 2003 Sponsor Java Capital (Pty) Limited Date: 05/11/2003 02:10:32 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

Share This Story