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Bonus share issue conversion ratio
Brait SE
(Registered in Malta as a European Company)
(Registration No: SE1)
Share code: BAT ISIN: LU0011857645
Share code: BATP ISIN: MT0000680208
(‘Brait’, the ‘Company’ or ‘Group’)
BONUS SHARE ISSUE CONVERSION RATIO
Shareholders are referred to the Company’s annual results announcement
released on the Luxembourg Stock Exchange (‘LuxSE’) and the Stock Exchange
News Service of the Johannesburg Stock Exchange (‘JSE’) on 5 June 2013
(‘the results announcement’) relating to the Bonus Share Issue and Cash
Dividend Alternative.
The number of new, fully-paid, ordinary Brait shares with a par value of
EUR0.22 (‘New Shares’) to which shareholders will be entitled pursuant to
the Bonus Share Issue will be determined by such shareholder`s shareholding
in Brait as of 2 August 2013 (‘Record date’) in relation to the ratio that
26.64 ZAR cents (2.12 Euro cents) bears to ZAR35.29, being the 60-day
volume weighted average price (‘VWAP’) of ordinary Brait shares on the
LuxSE and the JSE during the trading period ending on Friday 31 May 2013.
This conversion ratio amounts to 0.75489 New Shares per 100 Brait shares
held by the shareholder at the Record date.
Fractions and fractional entitlements are not possible due to various
corporate law and listings requirements. Accordingly, where a shareholder’s
entitlement to New Shares calculated in accordance with the above formula
gives rise to a fraction of an ordinary share, such fraction of an ordinary
share will be rounded up to the nearest whole number where the fraction is
greater than or equal to 0.5 and rounded down to the nearest whole number
where the fraction is less than 0.5.
A circular and form of election, containing full details of the Bonus Share
Issue and Cash Dividend Alternative will be posted to shareholders on
Monday, 24 June 2013, together with the Annual Report and notice of annual
general meeting containing the proposed resolutions necessary for the
implementation of the Bonus Share Issue and Cash Dividend Alternative. The
salient dates contained in the results announcement remain unchanged.
Malta
24 June 2013
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24/06/2013 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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