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FOORD COMPASS LIMITED
JSE code: FCPD * ISIN: ZAE000054466 * Registration Number: 1987/003591/06
Incorporated in the Republic of South Africa * Compass or the company
ANNOUNCEMENT
INTEREST PAYMENT AND ELECTION
Notice is hereby given that a debenture interest payment (number 50) of 30.0 cents per debenture in
respect of the six months ended 30 June 2012 is payable to debenture holders recorded in the debenture
register of the company on the record date. In compliance with the JSE Listings Requirements, the following
dates are applicable:
Last date to trade Friday, 27 July 2012
Debentures trade ex-interest Monday, 30 July 2012
Record date Friday, 3 August 2012
Payment date Monday, 6 August 2012
No debenture certificates may be dematerialised or rematerialised between Monday, 30 July 2012 and
Friday, 3 August 2012, both days inclusive.
IMPORTANT: ELECTION TO RECEIVE DEBENTURES IN LIEU OF A CASH INTEREST PAYMENT
As provided for in section 6.4 of the Debenture Trust Deed, the board has resolved that debenture holders
recorded in the debenture register at the close of business on the record date may elect to receive new
fully paid Foord Compass Limited Variable Rate debentures in lieu of a cash interest payment ("the
debentures"). The motivation for this decision is to retain cash and build capital for debenture holders. The
tax implications of the settlement of the debenture interest payment by the issue of debentures or by the
payment of cash should be the same. However, debenture holders are encouraged to consult their
professional advisors should they be in any doubt as to the appropriate action to take.
Certificated debenture holders who wish to elect to receive debentures in respect of all or a part of their
interest entitlement, must complete the Form of Election (mailed under separate cover) in accordance with
the instructions therein and return such election form to the company's transfer secretaries to be received
by no later than 12:00 on the record date, being Friday, 3 August 2012. Dematerialised debenture holders
who wish to elect to receive debentures in respect of all or a part of their interest entitlement must, in terms
of the agreement between themselves and their Central Securities Depository Participant (CSDP) or
broker, instruct their CSDP or broker accordingly.
If the election to receive debentures is not made by dematerialised debenture holders by the cut-off time
stipulated by their CSDP or broker, or by 12:00 on Friday, 3 August 2012 in the case of certificated debenture
holders, debenture holders will be deemed to have elected to receive a cash interest payment. As
indicated above, the last day to trade in the companys debentures on the JSE to ensure that a purchaser
appears as an owner on the record date will be Friday, 27 July 2012. The number of debentures to be
issued (the ratio) will be determined with reference to the ex-interest net attributable asset value per
debenture as at 30 June 2012 of 786.9 cents. Accordingly, the ratio is 3.812 interest debentures for each 100
debentures held on the record date. Only rounded numbers of interest debentures will be issued based on
conventional rounding principles. No fractions will be paid. The right to receive debentures may not be
traded on the JSE.
Subject to JSE approval of the debenture election, application will be made to the JSE Limited for a listing of
the maximum number of debentures to be issued with effect from the commencement of business on
Monday, 30 July 2012. An adjustment to the number of debentures listed will be made on or about Tuesday,
7 August 2012 in accordance with the actual number of debentures issued having regard to the elections
made.
Cheques and/or new debenture certificates will be posted to certificated debenture holders and the
accounts updated and/or credited by CSDPs or brokers of dematerialised debenture holders on or about
Monday, 6 August 2012.
Signed on behalf of the board
DG WEST (Chairman) PE CLUER
9 July 2012
Directors: DG WEST (Chairman), JC GREYLING (Retiring Chairman), PE CLUER, AD COWELL*, D FOORD**,
JC VAN DER HORST, JC VAN NIEKERK,
*Australian **British
Company secretary: L GREVLER
Sponsors: One Capital
www.foordcompass.co.za
10 July 2012
Date: 10/07/2012 03:30:00 Supplied by www.sharenet.co.za
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