To view the PDF file, sign up for a MySharenet subscription.

PRESCIENT LIMITED - Posting of Circular and Scrip Ratio Announcement

Release Date: 07/12/2015 08:00
Code(s): PCT     PDF:  
Wrap Text
Posting of Circular and Scrip Ratio Announcement

Prescient Limited
Incorporated in the Republic of South Africa
Registration number: 1936/008278/06
Share Code: PCT      ISIN: ZAE000163531
("Prescient" or "the Company")

POSTING OF CIRCULAR AND SCRIP RATIO ANNOUNCEMENT

Prescient shareholders are referred to the interim results announcement published on SENS on 30 November
2015 and in the press on 1 December 2015, regarding an election of a Capitalisation Distribution instead of the
Cash Dividend. The Capitalisation Distribution was determined by reference to the shareholding in Prescient (at
the close of business on the Record Date, being Friday, 5 February 2016) in relation to the ratio that 2.85 cents
bears to the volume weighted average price (“VWAP”) of an ordinary Prescient share traded on the JSE during
the five-day trading period ending on Friday, 27 November 2015 provided that where the application of this ratio
gives rise to a fraction of an ordinary share, no fractional entitlement shall arise and the result of such calculation
will be rounded up to the nearest whole number where the fraction is greater than or equal to 0.5 and rounded
down to the nearest whole number where the fraction is less than 0.5 (the “Rounding Provision”).

Accordingly, the number of Ordinary Shares to which Shareholders electing to participate in the Capitalisation
Issue will be entitled, is determined in the ratio that 2.85 cents bears to 103.77790 cents which equates to
2.74625 new Ordinary Shares for every 100 Ordinary Shares held.

Shareholders are referred to the circular for more information. The circular was posted on 7 December 2015 and
is available on the Company’s website, www.prescient.co.za.

The following timetable applies in respect of the distribution:

EVENT                                                                                Date
  
Announcement released on the Stock Exchange News Service ("SENS")                    Monday, 30 November 2015
relating to the Cash Dividend and the Capitalisation Distribution election

Circular and Form of Election posted to Shareholders                                 Monday, 7 December 2015

Finalisation announcement released on SENS                                           Friday, 22 January 2016

Last day to trade in order to be eligible for the Cash Dividend or, alternatively,   Friday, 29 January 2016                                                                                     
the Capitalisation Distribution

Ordinary Shares trade "ex" the Cash Dividend/Capitalisation Distribution             Monday, 1 February 2016

Listing of maximum possible number of Ordinary Shares from the                       Monday, 1 February 2016                                                                                     
commencement of business

Last day to elect to receive the Capitalisation Distribution instead of the Cash     Friday, 5 February 2016                                                                                    
Dividend, Forms of Election to reach the Transfer Secretaries by 12h00

Record Date in respect of the Cash Dividend and the Capitalisation                   Friday, 5 February 2016                                                                                    
Distribution

Share certificates posted on or about, and Cash Dividend payments made/              Monday, 8 February 2016                                                                                    
Cash Dividend cheques posted, CSDP/broker accounts updated

Announcement relating to the results of the Cash Dividend and the                    Monday, 8 February 2016                                                                                    
Capitalisation Distribution released on SENS

Listing of Ordinary Shares adjusted at the commencement of business on or            Wednesday, 10 February 2016
about                                                                                

Cape Town
7 December 2015
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 07/12/2015 08:00:00 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.

Share This Story