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Posting of circular regarding the scrip distribution
Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
("Adcorp" or "the Company")
Share code: ADR & ISIN: ZAE000000139
POSTING OF CIRCULAR REGARDING THE SCRIP DISTRIBUTION
Shareholders are referred to the provisional results announcement for the year ended 28 February
2014 released on SENS on 28 May 2014, where it was advised that the directors have resolved,
subject to shareholder approval at the annual general meeting to be held on or about Wednesday, 6
August 2014, to issue fully paid shares in the Company as a scrip distribution to ordinary
shareholders. Fully paid ordinary shares of par value 2,5 (two and a half) cents each will be issued as
a scrip distribution payable to ordinary shareholders recorded in the register of Adcorp on the record
date, being Friday, 29 August 2014, determined by the ratio that 80 cents multiplied by 1,10 bears to
the volume-weighted average price of the Company’s ordinary shares on the JSE Limited during the
five-day trading period ending Thursday, 31 July 2014 or an election to receive a final cash dividend
of 80 cents per ordinary share in lieu of the scrip distribution.
Ordinary shareholders will be entitled to elect to receive, in lieu thereof, a cash dividend of 80 cents
per ordinary share in respect of all or part of their shareholdings, provided that they make their
election by no later than 12:00 on Friday, 29 August 2014. If you do not wish to receive a cash
dividend, no further action is required and you will receive the scrip distribution, being ordinary shares
in Adcorp.
Shareholders are hereby advised that the Company has posted a circular and the accompanying form
of election on Friday, 27 June 2014. The circular also contains salient dates similar to those contained
in the announcement dated 28 May 2014.
Bryanston
30 June 2014
Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited
Date: 30/06/2014 05:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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