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VUKILE PROPERTY FUND LIMITED - Results Of Dividend Re-Investment Alternative

Release Date: 20/06/2016 12:20
Code(s): VKE     PDF:  
Wrap Text
Results Of Dividend Re-Investment Alternative

VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
(Granted REIT status with the JSE)
(“Vukile” or “the company”)


RESULTS OF DIVIDEND RE-INVESTMENT ALTERNATIVE


Shareholders are referred to the declaration of a final cash dividend of 83.12600 cents per share (the “cash dividend”)
with an election to reinvest the dividend in return for Vukile shares (the “share alternative”) announced on SENS on
Thursday, 26 May 2016 for the six months ended 31 March 2016 and the announcement of the reinvestment price per
new share (being R16.15901 per share) applicable to Vukile shareholders electing the share alternative released on
SENS on Thursday, 2 June 2016.

Shareholders holding 379 255 190 Vukile shares or 56.49% of Vukile shares (prior to the election) qualifying to
receive the cash dividend elected to receive the share alternative, resulting in the issue of 19 307 492 new Vukile
shares, retaining R311 989 956.30 (based on the issue price of R16.15901 per new share after accounting for the
applicable dividend withholding tax in respect of non-resident shareholders) in new equity for Vukile. Accordingly, a
total cash dividend of R246 064 742 is payable today in respect of 296 014 174 Vukile shares.

Certificated shareholders who did not elect the share alternative in respect of some or all of their shares and who have
provided their bank details to Vukile’s transfer secretaries will have their bank accounts credited on 20 June 2016.
Share certificates in respect of certificated shareholders who did elect the share alternative in respect of some or all of
their shares will be posted on Wednesday, 22 June 2016 to certificated shareholders at their risk. The Central
Securities Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the
share alternative in respect of some or all of their shares will be credited with the cash dividend on 20 June 2016 and
the Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect
the share alternative in respect of some or all of their shares will be credited on Wednesday, 22 June 2016 with their
new Vukile shares.

20 June 2016


Corporate advisor and sponsor
Java Capital

Date: 20/06/2016 12:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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