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Correction to scrip distribution ratio announcement
Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
Share code: ADR ISIN: ZAE000000139
("Adcorp" or "the Company")
CORRECTION TO SCRIP DISTRIBUTION RATIO ANNOUNCEMENT
Shareholders are referred to the announcement released on SENS on Monday, 30 June
2014 regarding the posting of circular relating to the proposed payment of a scrip
distribution to ordinary shareholders recorded in the register of the Company at the close
of business on 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 (“JSE”) during the five-day trading period ended 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.
Shareholders are advised that the volume weighted average price of ordinary shares on
the JSE during the 5-day trading period ended on Thursday, 31 July 2014 was 3362
cents (R33.62) per share.
Accordingly, the number of shares to which shareholders will be entitled will be
determined as follows:
* in the ratio that 80 cents per share multiplied by 1,10 bears to R33.62 per share,
being the 5 day volume weighted average price at the close of business on Thursday, 31
July 2014.
This equates to 2.61748 new Adcorp ordinary shares for every 100 shares held.
Shareholders wishing to participate in the cash dividend of 80 cents per share in respect
of all or part of their shareholding must elect to do so. Shareholders not electing to
receive the cash dividend of 80 cents per share will receive scrip distribution
shares.
A further announcement will be published on SENS on or about Monday, 1 September
2014 detailing the results of the scrip distribution.
Bryanston
1 August 2014
Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited
Date: 01/08/2014 01:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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