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BRAIT SE - Fraction rate announcement

Release Date: 03/08/2017 13:00
Code(s): BAT     PDF:  
Wrap Text
Fraction rate announcement

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”)

FRACTION RATE ANNOUNCEMENT

Shareholders are referred to the Company’s audited financial
results for the year ended 31 March 2017, released on the website
of the Luxembourg Stock Exchange (“LuxSE”) and the Stock Exchange
News Service of the Johannesburg Stock Exchange (“JSE”) on 13 June
2017. The Bonus Share Issue with Cash Dividend Alternative
proposed by the directors was approved by shareholders at the
annual general meeting, as announced on 26 July 2017.

Shareholders were further advised that where a shareholder's
entitlement to New Shares calculated in accordance with the
conversion ratio gives rise to a fraction of an ordinary share,
such fraction of an ordinary share will be rounded down to the
nearest whole number with the fraction being paid in cash,
irrespective of whether the shareholder has completed a cash
election form or not. The fraction paid in cash will be deemed a
cash dividend and treated as such for tax purposes.

The fraction rate has been calculated, in accordance with listing
requirements as the volume weighted average price of a Brait share
traded on the LuxSE and JSE on Wednesday, 2 August 2017 (being the
day on which the Brait share began trading ‘ex’ the entitlement to
receive the Bonus share issue or cash dividend alternative), as
EUR3.59653/ZAR56.31621 (EUR3.99614/ZAR62.57357 discounted by 10%).
After applying a 20% dividend tax, where applicable, the fraction
rate is EUR2.87722/ZAR45.05297 net of dividend tax.


Malta
3 August 2017

Brait’s primary listing 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)

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