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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 23 August 2016 (circular), and
the company’s announcement released on the JSE’s Stock Exchange News Service
(SENS) on 6 September 2016 (finalisation announcement) regarding the capitalisation
share award in respect of the 52-week period ended 26 June 2016. 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 2.54294 new ordinary shares per 100 of
the company’s ordinary shares held as at Friday, 16 September 2016. The table below
sets out the results of the capitalisation share award and cash dividend alternative:
Number of ordinary shares Number of new ordinary
held by shareholders shares to be issued
Capitalisation share award 231 104 006 5 876 611
Cash dividend alternative 205 078 822 -
Total 436 182 828 5 876 611
Holders of 47.02% of the company’s shares elected the cash dividend alternative.
Accordingly the company has paid a gross cash dividend (before dividends tax)
amounting to R373 243 456 from retained income, and has allotted 5 876 611 new
shares constituting 1.35% of the company’s issued shares before the capitalisation share
award.
Where the application of the ratio gave rise to a fraction of a new ordinary share, such
fraction was rounded down to the nearest whole number, resulting in the allocation of
whole ordinary Truworths shares and a cash payment of a fraction. Accordingly the total
fractional cash payments amounted to R14 617.73 (before dividends tax).
As regards dematerialised shareholders, CSDP/broker accounts will be credited today
with the new ordinary shares, together with any fractional cash payments, due or the
cash dividends elected.
As regards certificated shareholders, bank accounts will be credited today with the cash
dividends elected, or with any fractional cash payments due in respect of capitalisation
shares, and share certificates in respect of capitalisation shares awarded will be mailed
by ordinary post at the risk of such shareholders today. As advised in the circular, no
cheques will be issued in respect of cash dividends elected or fractional cash payments
due, 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 or fractional cash payments due.
By order of the board
C Durham
Company Secretary
Cape Town
19 September 2016
Sponsor in South Africa
One Capital
Date: 19/09/2016 08:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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