Wrap Text
Posting of circular relating to capitalisation share award or 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
(“Truworths” or “the company”)
Posting of circular relating to capitalisation share award or cash dividend
alternative
Shareholders are referred to the company’s audited financial results for the 52
weeks ended 26 June 2016, published on the Stock Exchange News Service
(SENS) on Thursday, 18 August 2016, in which the Truworths board of directors
resolved to declare an award in respect of the 52-week period ended 26 June 2016
in the form of the issue of fully paid capitalisation shares in the company, to
shareholders reflected in the company’s register on the record date, being Friday,
16 September 2016 (record date) (capitalisation share award).
The number of new ordinary shares in the company to which ordinary shareholders
participating (or deemed to be participating) in the capitalisation share award will
become entitled will be determined in the ratio that 182 cents multiplied by a
factor of 1.05 bears to the volume-weighted average price (VWAP) of the
company’s ordinary shares on the JSE during the three-day trading period ending
on Monday, 5 September 2016.
Shareholders will be entitled to elect to receive a gross cash dividend of 182 South
African cents held on the record date, in respect of all or part of their ordinary
shareholding, instead of the capitalisation share award (cash dividend alternative).
Withholding tax on the cash dividend alternative, if applicable, will be at the rate
of 15% and will result in a net cash dividend per share of 154.7 South African
cents.
Shareholders are advised that a circular, setting out, inter alia, the terms of and
the salient dates applicable to the capitalisation share award and cash dividend
alternative (and including a form of election) are being posted to shareholders
today, Tuesday, 23 August 2016 (the circular). The circular is also available on
the company’s website, www.truworths.co.za.
The salient dates for the proposed capitalisation share award and cash dividend
alternative are as follows:
Event Date
Finalisation date: Announcement of ratio applicable
to the capitalisation share award, based on the
three-day VWAP ending on Monday, 5 September Tuesday,
2016, released on SENS by 11:00 on 6 September 2016
Last day to trade cum dividend in order to be
eligible for the capitalisation share award / cash Tuesday,
dividend alternative 13 September 2016
Ordinary shares trade ex the capitalisation share Wednesday,
award / cash dividend alternative 14 September 2016
Listing of maximum possible number of new
ordinary shares that could be issued in terms of the Wednesday,
capitalisation share award 14 September 2016
Announcement of cash value applicable to Thursday,
payments in respect of fractions 15 September 2016
Last day to elect the capitalisation share award / Friday,
cash dividend alternative by 12:00 16 September 2016
Record date in respect of the capitalisation share Friday,
award / cash dividend alternative 16 September 2016
Payment of cash dividends elected by electronic Monday,
funds transfer 19 September 2016
Posting of share certificates to certificated Monday,
shareholders 19 September 2016
CSDP/broker accounts credited with the new
ordinary shares or the cash dividends due to Monday,
dematerialised shareholders (where applicable) 19 September 2016
Announcement of the results of the capitalisation Monday,
share award and cash dividend alternative 19 September 2016
Maximum number of new ordinary shares listed
adjusted to reflect the actual number of new Wednesday,
ordinary shares issued on or about 21 September 2016
Notes:
1. All times provided are South African local time (SAST). The above dates and times are subject
to change. If applicable, any changes will be announced on SENS.
2. Ordinary shares may not be dematerialised or re-materialised, nor may transfers between
registers take place between Wednesday, 14 September 2016 and Friday, 16 September 2016,
both days inclusive.
Cape Town
23 August 2016
Sponsor in South Africa
One Capital
Date: 23/08/2016 01:30:00 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.
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