CROOKES BROTHERS LIMITED - Results of the cash dividend with the election to receive capitalisation issue shares

Results of the cash dividend with the election to receive capitalisation issue shares

CROOKES BROTHERS LIMITED
Registration No. 1913/000290/06
Share code: CKS     ISIN: ZAE000001434
(“Crookes” or “the Company”)


RESULTS OF THE CASH DIVIDEND WITH THE ELECTION TO RECEIVE
CAPITALISATION ISSUE SHARES


Crookes ordinary shareholders (“Shareholders”) are referred to
the announcement released on SENS on 20 June 2013 and
published in the press on 21 June 2013 regarding the
capitalisation issue with respect to the election to receive
capitalisation shares (“Capitalisation Shares”) in terms of a
capitalisation issue (“the Capitalisation Issue”) in lieu of a
cash dividend (“the Cash Dividend”).


As set out in the abovementioned announcement, the number of
Capitalisation Shares to which Shareholders participating in
the Capitalisation Issue would become entitled to was 2.90909
Capitalisation Shares for every 100 ordinary shares held.


161 817 new Capitalisation Shares were issued today to
Shareholders who owned 44.9% of the ordinary shares of the
Company and who elected to receive Capitalisation Shares in
terms of the Capitalisation Issue. This has resulted in a
capitalisation of R8 899 935 out of the   retained earnings
reserves of the Company.


Shareholders recorded in the register of the Company at the
close of business on Friday, 12 July 2013 holding
6 822 489 ordinary shares received the gross Cash Dividend of
160 cents per ordinary share, resulting in a total Cash
Dividend of R10 915 982.40, which was paid out of the profits
of the Company.
Share certificates and dividend cheques, where applicable,
will be dispatched to certificated Shareholders and the
accounts of dematerialised Shareholders will be credited,
today, 15 July 2013.


Johannesburg
15 July 2013


Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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