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TONGAAT HULETT LIMITED - Results of the scrip distribution

Release Date: 05/02/2014 08:45
Code(s): TON     PDF:  
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Results of the scrip distribution

Tongaat Hulett Limited
(Registration No. 1892/000610/06)
JSE share code: TON
ISIN: ZAE000096541


RESULTS OF THE SCRIP DISTRIBUTION


In the announcement of the interim results for the financial half year ended 30 September 2013, as
released on the Securities Exchange News Service ("SENS") of the JSE Limited ("JSE") on
11 November 2013 and published in the press on 12 November 2013, ordinary shareholders
(“shareholders”) were notified of the payment of a scrip distribution or, as an alternative, an
entitlement to elect a gross cash dividend of 150 cents per ordinary share ("the cash dividend
alternative").

Shareholders were notified on SENS on 17 January 2014 and in the press on 20 January 2014 of the
scrip distribution ratio of 1.35344 new ordinary shares per every 100 ordinary shares held, which
was determined in the ratio that 150 cents multiplied by a factor of 1.05 bears to 11 637 cents
(R116.37), being the volume weighted average price of ordinary shares on the JSE during the 30-day
trading period ended on 16 January 2014.

The cash dividend alternative entitled shareholders, in respect of all or part of their shareholding, to
elect a gross cash dividend of 150 cents per ordinary share in lieu of the scrip distribution, which
was payable only to those shareholders who elected the cash dividend, in respect of all or part of
their shareholding, on or before 31 January 2014.

Shareholders holding 22 351 143 ordinary shares elected the cash dividend alternative, which will
result in a total gross cash dividend of R33 526 714.50 out of profits. In respect of the remaining
86 296 557 ordinary shares currently in issue, 1 167 930 fully paid ordinary shares of R1,00 each will
be issued to shareholders in terms of the scrip distribution, which will result in a capitalisation out of
the share premium account of R1 167 930.

Ordinary share certificates and dividend cheques, where applicable, will be posted to certificated
shareholders at their risk and the Central Securities Depositary Participant/broker accounts of
dematerialised shareholders will be credited/updated on Thursday, 6 February 2014.

Amanzimnyama
Tongaat, KwaZulu-Natal

5 February 2014

Advisor and transaction sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Sponsor
Investec Bank Limited

Attorneys
Bowman Gilfillan

Date: 05/02/2014 08:45:00 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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