Wrap Text
Posting of circular relating to scrip distribution or cash dividend election
Mpact Limited
(Incorporated in the Republic of South Africa)
(Company registration number 2004/025229/06)
Income tax number: 9003862175
JSE Share Code: MPT
JSE ISIN: ZAE 000156501
(“Mpact” or “the Company”)
POSTING OF CIRCULAR RELATING TO SCRIP DISTRIBUTION OR CASH DIVIDEND ELECTION
Shareholders are referred to the Company’s unaudited interim financial results for the six months ended 30
June 2015, published on the Stock Exchange News Service (“SENS”) on 12 August 2015, in which they
were advised that Mpact’s board of directors had resolved to declare an interim distribution of fully-paid
Mpact ordinary shares of no par value (“the Scrip Distribution”) to ordinary Shareholders (“Shareholders”)
recorded in the register of the Company at the close of business on the Record Date, being Friday, 4
September 2015.
Shareholders will, however, be entitled to elect to receive a cash dividend of 30 cents per ordinary share of
no par value held on the Record Date, being Friday, 4 September 2015, in respect of all or part of their
ordinary shareholding, instead of the Scrip Distribution (“the Cash Dividend”).
The Cash Dividend will be paid only to those:
- certificated Shareholders whose Forms of Election to receive the Cash Dividend, in respect of all or part
of their shareholding, are received by the Transfer Secretaries on or before 12h00 noon on Friday, 4
September 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, 4 September 2015) in relation to the ratio that 30 cents bears to
the volume weighted average price of an ordinary Mpact share traded on the JSE during the 30-day trading
period ending on Thursday, 20 August 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, Friday, 14 August 2015
(“the Circular”). The Circular is also available on the Company’s website, www.mpact.co.za.
The salient dates for the proposed Scrip Distribution and Cash Dividend, also contained in the Circular, are
as follows:
EVENT 2015
Circular and Form of Election (where applicable) posted to Friday, 14 August
Shareholders on
Announcement released on SENS in respect of the ratio applicable to Friday, 21 August
the Scrip Distribution, based on the 30-day volume weighted average
price ending on Thursday, 20 August 2015, by 11h00 on
Announcement published in the press of the ratio applicable to the Monday, 24 August
Scrip Distribution, based on the 30-day volume weighted average price
ending on Thursday, 20 August 2015 on
Last day to trade in order to be eligible for the Scrip Distribution and Friday, 28 August
the Cash Dividend alternative
Ordinary shares trade “ex” the Scrip Distribution and the Cash Monday, 31 August
Dividend alternative on
Listing and trading of maximum possible number of ordinary shares on Monday, 31 August
the JSE in terms of the Scrip distribution from the commencement of
business on
Last day to elect to receive the Cash Dividend alternative instead of the Friday, 4 September
Scrip Distribution, Forms of Election to reach the Transfer Secretaries
by 12h00 noon on
Record Date in respect of the Scrip distribution and the Cash Dividend Friday, 4 September
alternative
Scrip Distribution certificates posted and Cash Dividend payments Monday, 7 September
made, CSDP/broker accounts credited/updated, as applicable, on
Announcement relating to the results of the Scrip Distribution and the Monday, 7 September
Cash Dividend alternative released on SENS on
Announcement relating to the results of the Scrip Distribution and the Tuesday, 8 September
Cash Dividend alternative published in the press on
JSE listing of ordinary shares in respect of the Scrip Distribution Wednesday, 9 September
adjusted to reflect the actual number of ordinary shares issued in terms
of the Scrip Distribution at the commencement of business on or about
All times provided are South African local times. The above dates and times are subject to change. Any
material change will be announced on SENS.
Share certificates may not be dematerialised or rematerialised, nor may transfers between registers take
place, between Monday, 31 August 2015 and Friday, 4 September 2015, both days inclusive.
Melrose Arch
14 August 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/08/2015 08:25:00 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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