TRUWORTHS INTERNATIONAL LIMITED - Results of capitalisation share award and cash dividend alternative

Results of capitalisation share award and cash dividend alternative

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
(“the company”)


RESULTS OF CAPITALISATION SHARE AWARD AND CASH DIVIDEND ALTERNATIVE


Shareholders are referred to the company’s circular dated 29 February 2016 (circular), and the
company’s announcement released on the JSE’s Stock Exchange News Service (SENS) on 9 March
2016 (finalisation announcement) regarding the capitalisation share award in respect of the 26-week
period ended 27 December 2015. The terms used in this announcement are consistent with those used
in the circular and the finalisation announcement, unless otherwise stated.


As set out in the finalisation announcement, shareholders not electing to receive the cash dividend in
respect of all or part of their shareholding were awarded that number of capitalisation shares determined
in the ratio of 3.04623 new ordinary shares per 100 of the company’s ordinary shares held as at
Thursday, 24 March 2016. The table below sets out the results of the capitalisation share award and
cash dividend alternative:



                                    Number of ordinary shares held     Number of new ordinary
                                    by shareholders                    shares to be issued

  Capitalisation share award                            152 981 052                          4 660 135

  Cash dividend alternative                             276 670 291                                  -

  Total                                                 429 651 343                          4 660 135



Holders of 64.39% of the company’s shares elected the cash dividend alternative. Accordingly the
company has paid a gross cash dividend (before dividend tax) amounting to R 747 009 786 from
retained income, and has allotted 4 660 135 new shares constituting 1.08% of the company’s issued
shares before the capitalisation share award.


As regards dematerialised shareholders, CSDP/broker accounts will be credited today with the new
ordinary shares due or the cash dividends elected.


As regards certificated shareholders, bank accounts will be credited today with the cash dividends
elected, while share certificates in respect of capitalisation shares awarded will be mailed by ordinary
post at the risk of such shareholders on or about 1 April 2016. As advised in the circular, no cheques
will issued in respect of cash dividends elected, and accordingly certificated shareholders that have not
provided their bank account details to the company’s transfer secretaries should do so in order to
receive the cash dividend.




By order of the board


C Durham
Company Secretary


Cape Town
29 March 2016


Sponsor in South Africa
One Capital

Date: 29/03/2016 03:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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