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AGM Results and VWAP for Bonus Share Issue and Cash Dividend Alternative
Brait SE
(Registered in Malta as a European Company)
(Registration No.SE1)
Share code: BAT ISIN: LU0011857645
Bond code: WKN: A1Z6XC ISIN: XS1292954812
LEI code: 549300VB8GBX4UO7WG59
(“Brait”, “the Company”)
AGM Results and VWAP for Bonus Share Issue and Cash Dividend Alternative
Results of the Annual General Meeting
Shareholders of the Company are advised that all the ordinary and extraordinary resolutions tabled at the
Annual General Meeting (‘AGM’) of the Company held earlier today were approved by the requisite
majority of votes.
Resolutions approved were as per the agenda in the AGM notice circulated to shareholders on 30 June
2017. The Company’s authority to purchase its own shares has been renewed until the earlier of 30
October 2018 or the next AGM. The renewal terms approved in this regard are consistent with those
previously announced to the market, with the exception that the maximum number of share repurchases
on any trading day is now increased to 750,939 ordinary shares, as result of Brait’s increased daily volume
of shares traded.
VWAP for Bonus share issue and cash dividend alternative
In relation to the the shareholders’ approval of resolution number 4 – Bonus Share Issue and Cash Dividend
Alternative, shareholders are referred to the market announcement released by the Company on Friday 30
June 2017. Shareholders are advised that the volume weighted average price (VWAP) used to calculate the
number of New Shares to which shareholders will be entitled pursuant to either the Bonus Share Issue or
the Cash Dividend Reinvestment, calculated for the 15-day period ended 24 July 2017, is ZAR62.37. The
Conversion Ratio for the cash dividend of 78.15 ZAR cents / 5.25 EUR cents is therefore 1.25301 per 100
shares held for the Bonus Share Issue. This Conversion Ratio is calculated per the Circular as the Cash
Dividend amount of ZAR0.7815, divided by the 15-day VWAP of ZAR62.37, applied to the number of Brait
shares held as of Record Date. This Conversion Ratio, subject to applicable dividend taxes, also applies to
shareholders electing the Cash Dividend Reinvestment alternative. Shareholders are encouraged to consult
with their professional advisors should they be in any doubt as to the appropriate action to take.
Shareholders are reminded that the Cash Dividend Alternative (whether Cash Dividend or Cash Dividend
Reinvestment election) will only be applicable to those shareholders whose election forms in this regard
are received by the Transfer Secretaries on or before 12h00 on Friday 4 August 2017, the Record Date.
Should shareholders take no action, regardless of being a certificated or dematerialized shareholder, such
shareholder will on Monday 7 August 2017 receive New Shares in accordance with the Bonus Share Issue as
set out in the Circular.
Malta
26 July 2017
Brait’s primary listing and admission to trading is on the Euro MTF market of the Luxembourg Stock
Exchange and its secondary listing is on the Johannesburg Stock Exchange.
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26/07/2017 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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