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Sharenet Sites
Results of the scrip distribution and the cash dividend alternative
LIFE HEALTHCARE GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2003/002733/06)
ISIN: ZAE000145892
Share Code: LHC
(“Life Healthcare or “the Company”)
RESULTS OF THE SCRIP DISTRIBUTION AND THE CASH DIVIDEND ALTERNATIVE
Shareholders are referred to the Company’s audited financial
results for the year ended 30 September 2015, released on the
Stock Exchange News Service (“SENS”) on 13 November 2015 (“Results
Announcement”), in which they were advised that Life’s board of
directors had resolved to declare a final distribution of fully-
paid Life ordinary shares of R0.000001 (“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, 11 December 2015.
As set out in the announcement, Shareholders not electing to
receive the Cash Dividend in respect of all or part of their
shareholding were entitled to receive that number of Scrip
Distribution Shares determined in the ratio of 2.33882 Scrip
Distribution shares for every 100 ordinary shares held on the
Record Date. Where a Shareholder’s entitlement to Scrip
Distribution 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.
In terms of the Scrip Distribution, 6 251 683 new ordinary shares
were issued today to Shareholders who did not elect to receive the
Cash Dividend in respect of all or part of their shareholding,
resulting in a capitalisation of the distributable retained
profits of the Company of R229 876 466.70. Shareholders recorded
in the register of the Company at the close of business on the
Record Date holding 774 911 533 ordinary shares elected to receive
the gross Cash Dividend of 86 cents per ordinary share, resulting
in a total gross Cash Dividend of R666 423 918.38, which was paid
out of the distributable retained 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.
Illovo
14 December 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/12/2015 08:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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