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MPACT LIMITED - Results of the cash dividend and the capitalisation share issue in lieu of a cash dividend

Release Date: 15/09/2014 10:30
Code(s): MPT     PDF:  
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Results of the cash dividend and the capitalisation share issue in lieu of a cash dividend

Mpact Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
JSE share code: MPT ISIN: ZAE000156501
(“Mpact” or “the Company”)

RESULTS OF THE CASH DIVIDEND AND THE CAPITALISATION SHARE
ISSUE IN LIEU OF A CASH DIVIDEND

Mpact ordinary shareholders (“Shareholders”) are referred to
the announcement released on the Stock Exchange News Service
on Friday, 29 August 2014 and published in the press on
Monday, 1 September 2014 (“the announcement”) regarding the
capitalisation issue ratio applicable 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 announcement, the number of Capitalisation
Shares   to    which   Shareholders   participating   in   the
Capitalisation Issue are entitled was determined in the ratio
of 0.75603 Capitalisation Shares for every 100 Ordinary Shares
held. Where a Shareholder`s entitlement to Capitalisation
Shares, calculated in accordance with the above ratio, gave
rise to a fraction of a new Ordinary Share, such fraction of a
new Ordinary Share was rounded up to the nearest whole number
where the fraction was greater than or equal to 0,5 and
rounded down to the nearest whole number where the fraction
was less than 0,5.

525,141 new Ordinary Shares were issued today to Shareholders
who elected to receive Capitalisation Shares in terms of the
Capitalisation Issue, resulting in a capitalisation out of the
distributable profits of the Company of R18,059,598.99.
Shareholders recorded in the register of the Company at the
close of business on Friday, 12 September 2014 holding
94,115,577 Ordinary Shares received the gross Cash Dividend of
26 cents per Ordinary Share, resulting in a total gross cash
dividend of R24,470,050.02, which was paid out of the
distributable profits of the Company.

Share certificates, where applicable, were dispatched to
certificated Shareholders at their own risk, and the Cash
Dividend payments were made/Central Securities Depository
Participant/broker accounts of dematerialised Shareholders
were credited, today.


Melrose Arch
15 September 2014

Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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