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VUKILE PROPERTY FUND LIMITED - Results of dividend re-investment alternative

Release Date: 26/06/2017 13:15
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”)


RESULTS OF DIVIDEND RE-INVESTMENT ALTERNATIVE


Shareholders are referred to the declaration of a final cash dividend of 89.10250 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
24 May 2017 for the six months ended 31 March 2017 and the announcement of the reinvestment price per new share
(being R18.15527 per share) applicable to Vukile shareholders electing the share alternative released on SENS on
Monday, 12 June 2017.

Shareholders holding 446 410 536 Vukile shares or 63.60% of Vukile shares (prior to the election) qualifying to
receive the cash dividend elected to receive the share alternative, resulting in the issue of 21 581 475 new Vukile
shares, retaining R391 817 505.66 (based on the issue price of R18.15527 per new share after accounting for the
applicable dividend withholding tax in respect of non-resident shareholders and potential fractions) in new equity for
Vukile. Accordingly, a total cash dividend of R233 580 050.49 is payable today in respect of 262 147 583 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 26 June 2017.
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, 28 June 2017 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 26 June 2017 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, 28 June 2017 with their
new Vukile shares.

26 June 2017


Corporate advisor and sponsor
Java Capital

Date: 26/06/2017 01:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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