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FINBOND GROUP LIMITED - Results of cash dividend and capitalisation share issue award alternative and directors dealings

Release Date: 17/07/2017 15:45
Code(s): FGL     PDF:  
Wrap Text
Results of cash dividend and capitalisation share issue award alternative and directors dealings

FINBOND GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2001/015761/06)
JSE code: FGL
ISIN: ZAE000138095
("Finbond" or "the Company")

RESULTS OF CASH DIVIDEND AND CAPITALISATION SHARE ISSUE AWARD ALTERNATIVE
AND DIRECTORS DEALINGS

Results of cash dividend and capitalisation share issue award alternative

Shareholders are referred to the company’s announcement on the Stock Exchange
News Service (“SENS”) dated 23 June 2017 and 13 July 2017, relating to the
declaration of a gross cash dividend of 7.28 cents per share (“cash dividend”)
for the year ended 28 February 2017. Shareholders were, however, entitled to
elect to receive a capitalisation share issue alternative of 2.20812 for
every 100 ordinary shares, to ordinary shareholders recorded in the Finbond
register on the record date, being Friday, 14 July 2017 (“capitalisation
share issue award”).

Ordinary shareholders representing 5.03% (or five comma zero three per cent)
of ordinary shares elected to receive the cash dividend, resulting in a total
dividend paid of R2 769 820.40 with the balance of ordinary shareholders
receiving the capitalisation share issue award, for which 15 874 409 ordinary
shares are to be issued, being approximately 2.08% of the current issued
ordinary share capital of the Company.

The maximum number of 16 488 702 ordinary shares were listed on Wednesday,
12 July 2017, and accordingly 614 293 ordinary shares will be delisted in
due course.

The electronic funds transfers, CSDP or broker accounts have been credited/
updated today, 17 July 2017.

Directors’ dealings

In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of
JSE Limited ("Listings Requirements"), shareholders are advised of the
following transactions by directors arising from the capitalisation share
issue award of 2.20812 ordinary shares for every 100 shares owned:
Name of director               Dr W van Aardt
Date of transaction:           14 July 2017 (record date)
Type of transaction:           Capitalisation issue share award shares
Nature of interest:            Indirect
Number of ordinary shares:     4 031 924
Price:                         329.69200 cents
Value of transaction:          R13 292 930.87

Name of director               Ms R Xaba
Date of transaction:           14 July 2017 (record date)
Type of transaction:           Capitalisation issue share award shares
Nature of interest:            Direct
Number of ordinary shares:     566
Price:                         329.69200 cents
Value of transaction:          R1 866.05

Name of company secretary      Mr B Bredenkamp
Date of transaction:             14 July 2017 (record date)
Type of transaction:             Capitalisation issue share award shares
Nature of interest:              Direct
Number of ordinary shares:       274
Price:                           329.69200 cents
Value of transaction:            R903.35

All the above transactions were done on-market and the requisite clearances
were obtained.
Pretoria
17 July 2017
Sponsor: Grindrod Bank Limited

Date: 17/07/2017 03:45:00 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
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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,
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