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Capitalisation share award with cash dividend alternative finalisation announceme
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 Thursday, 18 August 2016 (declaration announcement), where
the company declared a capitalisation share award in respect of the 52-week
period ended 26 June 2016. 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 Monday, 5 September 2016 applicable to the capitalisation share
award is R75.14923, and accordingly the number of ordinary shares to which
shareholders participating in the capitalisation share award will become entitled
to is 2.54294 new ordinary shares per 100 ordinary shares held as at the record
date.
Where the application of the ratio gives rise to a fraction of a new ordinary
share, such fraction will be rounded down to the nearest whole number,
resulting in the allocation of a whole number of ordinary shares and a cash
payment in respect of the fraction.
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 182 cents per ordinary share. The withholding tax, at the rate
of 15% if applicable, will result in a net cash dividend of 154.7 cents per
ordinary share.
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 Tuesday, 23 August 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 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 payments Thursday,
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.
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.
By order of the board
C Durham
Company Secretary
Cape Town
6 September 2016
Sponsor in South Africa
One Capital
Date: 06/09/2016 09:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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