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DAW - Dawn - Results of a capitalisation award with a cash dividend alternative

Release Date: 06/04/2009 15:52
Code(s): DAW
Wrap Text

DAW - Dawn - Results of a capitalisation award with a cash dividend alternative Distribution and Warehousing Network Limited (Incorporated in the Republic of South Africa) (Registration number 1984/008265/06) Share code: DAW & ISIN code: ZAE000018834 ("Dawn" or "the Company") RESULTS OF A CAPITALISATION AWARD WITH A CASH DIVIDEND ALTERNATIVE Dawn shareholders were advised on SENS on Wednesday, 17 December 2008 and in the press on Thursday, 18 December 2008 that they were entitled to elect to receive the cash dividend alternative of 35 cents per share in lieu of a capitalisation award. Capitalisation shares would be awarded to those Dawn shareholders recorded in the register as such on Friday, 3 April 2009, the record date. Shareholders were subsequently advised on SENS on Friday, 20 March 2009 and in the press on Monday, 23 March 2009 that the number of capitalisation shares to which shareholders were entitled, in terms of a capitalisation award was 5.11696 shares for every 100 shares held. No fractions of shares would be issued. These ratios were arrived at by dividing 35 cents per share by R6.84, being the volume weighted average price of the ordinary shares of the Company on the JSE Limited ("JSE") for the 30 days ended Thursday, 19 March 2009. Shareholders are hereby advised that Dawn shareholders holding 93 560 602 Dawn shares have elected to receive the cash dividend alternative, resulting in R32 746 210-70 being paid to shareholders in respect of the cash dividend alternative and 5 112 014 new shares being issued in terms of a capitalisation award. Dividend cheques and share certificates in respect of new shares were posted to certificated shareholders today, Monday, 6 April 2009. The CSDP or broker accounts of dematerialised shareholders were also credited today. Johannesburg 6 April 2009 Sponsor Deloitte & Touche Sponsor Services (Pty) Limited Date: 06/04/2009 15:52:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 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, information disseminated through SENS.

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