Wrap Text
Posting of circular relating to scrip distribution or cash dividend election
Mpact Limited
Incorporated in the Republic of South Africa
(Registration Number 2004/025229/06)
JSE share code: MPT
ISIN: ZAE000156501
("Mpact" or "the Company")
POSTING OF CIRCULAR RELATING TO SCRIP DISTRIBUTION OR CASH DIVIDEND ELECTION
Shareholders are referred to the Company’s audited financial results for the year ended 31 December 2014,
published on the Stock Exchange News Service on 3 March 2015 (“Results Announcement”), in which they
were advised that Mpact’s board of directors had resolved to declare a final distribution of fully-paid Mpact
ordinary shares of no par value (“Scrip Distribution”) to ordinary Shareholders (“Shareholders”) recorded in
the register of the Company at the close of business on the Record Date, being Friday, 17 April 2015.
Shareholders will, however, be entitled to elect to receive a cash dividend of 66 cents per ordinary share of
one cent each held on the Record Date, being Friday, 17 April 2015, in respect of all or part of their ordinary
shareholding, instead of the Scrip Distribution (“Cash Dividend”).
The Cash Dividend will be paid only to those:
- certificated Shareholders whose Forms of Election to receive the Capitalisation Shares, in respect of
all or part of their shareholding, are received by the Transfer Secretaries on or before 12h00 midday
on Friday, 17 April 2015; and
- dematerialised Shareholders who have instructed their CSDP or broker accordingly and in the
manner and time stipulated in their agreement with such CSDP or broker.
The number of Scrip Distribution shares to which each of the Shareholders will become entitled pursuant to
the Scrip Distribution (to the extent that such Shareholders have not elected to receive the Cash Dividend)
will be determined by reference to such Shareholder’s ordinary shareholding in Mpact (at the close of
business on the Record Date, being Friday, 17 April 2015) in relation to the ratio that 66 cents bears to the
volume weighted average price (“VWAP”) of an ordinary Mpact share traded on the JSE during the 10-day
trading period ending on Tuesday, 31 March 2015.
Shareholders are advised that a circular, setting out, inter alia, the terms of the Scrip Distribution and Cash
Dividend (and including a Form of Election) will be posted to Shareholders today, Monday, 23 March 2015
(“the Circular”).
The salient dates for the proposed Scrip Distribution and Cash Dividend, also contained in the Circular, are
as follows:
EVENT 2015
Announcement released on SENS of the ratio applicable to the Capitalisation
Issue, based on the 10-day volume weighted average price ending on
Tuesday, 31 March 2015 by 11h00 on Wednesday, 1 April
Announcement published in the press of the ratio applicable to the
Capitalisation Issue, based on the 10-day volume weighted average price
ending on Tuesday, 31 March 2015 on Thursday, 2 April
Last day to trade in order to be eligible for the Cash Dividend or, alternatively,
the Capitalisation Issue Friday, 10 April
Ordinary shares trade “ex” the Cash Dividend/Capitalisation Issue on Monday, 13 April
Listing of maximum possible number of ordinary shares from the
commencement of business on Monday, 13 April
Last day to elect to receive the Capitalisation Issue instead of the Cash
Dividend, Forms of Election to reach the Transfer Secretaries by 12h00 on Friday, 17 April
Record Date in respect of the Cash Dividend and the Capitalisation Issue Friday, 17 April
Share certificates posted and Cash Dividend payments made, CSDP/broker
accounts updated on Monday, 20 April
Announcement relating to the results of the Cash Dividend and the
Capitalisation Issue released on SENS on Monday, 20 April
Announcement relating to the results of the Cash Dividend and the
Capitalisation Issue published in the press on Tuesday, 21 April
Listing of ordinary shares adjusted at the commencement of business on Wednesday, 22 April
Share certificates may not be dematerialised or rematerialised between Monday, 13 April 2015 and Friday,
17 April 2015, both days inclusive.
Melrose Arch
23 March 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 23/03/2015 09:30:00 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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