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

TRUWORTHS INTERNATIONAL LIMITED - Capitalisation share award with cash dividend alternative finalisation announcement

Release Date: 09/03/2016 15:18
Code(s): TRU     PDF:  
Wrap Text
Capitalisation share award with cash dividend alternative finalisation announcement

Truworths International Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/017491/06)
(Income tax reference number 9875/145/71/7)
JSE Code: TRU
NSX Code: TRW
ISIN: ZAE000028296
(“Truworths” or “the company”)


CAPITALISATION SHARE AWARD WITH CASH DIVIDEND ALTERNATIVE
FINALISATION ANNOUNCEMENT


Shareholders are referred to the announcement on the JSE’s Stock Exchange News Service on
29 February 2016 (declaration announcement), where the company declared a capitalisation share
award in respect of the 26-week period ended 27 December 2015. The terms used in this finalisation
announcement are consistent with those used in the declaration announcement, unless otherwise
stated.


Truworths confirms that the volume-weighted average price over the three day period ended Tuesday
8 March 2016 applicable to the capitalisation share award is R92.1796, and accordingly the number of
ordinary shares to which shareholders participating in the capitalisation share award will become
entitled to is 3.04623 new ordinary shares per 100 ordinary shares held as at the record date.


As an alternative to receiving the capitalisation share award, shareholders are entitled to elect, in
respect of all or part of their shareholding, to receive a gross cash dividend of 270 cents per ordinary
share. The withholding tax, at the rate of 15% if applicable, will result in a net cash dividend per share
of 229.50 cents.


A circular setting out full details of the capitalisation share award and cash dividend alternative, and
containing a form of election, was mailed to shareholders on Wednesday, 2 March 2016 and is available
on the company’s website: www.truworths.co.za.


The salient dates and times relating to the capitalisation share award and cash dividend alternative are
as follows:
 Event                                                                                             Date

 Last day to trade cum dividend in order to be eligible for the
 capitalisation share award/cash dividend alternative                            Wednesday, 16 March 2016

 Ordinary shares trade ex the capitalisation share award/cash
 dividend alternative                                                             Thursday, 17 March 2016
 Listing of maximum possible number of new ordinary shares that
 could be issued in terms of the capitalisation share award                       Thursday, 17 March 2016

 Last day to elect the cash dividend alternative by 12:00                         Thursday, 24 March 2016

 Record date in respect of the capitalisation share award/cash
 dividend alternative                                                             Thursday, 24 March 2016

 Payment of cash dividends elected by electronic funds transfer                    Tuesday, 29 March 2016

 Posting of share certificates to certificated shareholders                        Tuesday, 29 March 2016

 CSDP/broker accounts credited with the new ordinary shares or the
 cash dividends due to dematerialised shareholders (where
 applicable)                                                                       Tuesday, 29 March 2016

 Maximum number of new ordinary shares listed adjusted to reflect
 the actual number of new ordinary shares issued on or about                      Thursday, 31 March 2016



Notes:
1. All times provided are South African local time.
2. Ordinary shares may not be de-materialised or re-materialised, nor may transfers between registers take place
   between 17 March 2016 and 24 March 2016, both days inclusive.


By order of the board


C Durham
Company Secretary


Cape Town
9 March 2016


Sponsor in South Africa
One Capital

Date: 09/03/2016 03:18:00 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