Wrap Text
Posting of circular relating to scrip distribution or cash
dividend election
Mpact Limited
(Incorporated in the Republic of South Africa)
(Company registration number 2004/025229/06)
Income tax number: 9003862175
JSE Share Code: MPT
JSE ISIN: ZAE000156501
(“Mpact” or “the Company”)
POSTING OF CIRCULAR RELATING TO SCRIP DISTRIBUTION OR CASH
DIVIDEND ELECTION
Shareholders are referred to the Company’s unaudited interim
financial results for the six months ended 30 June 2017 published
on the Stock Exchange News Service (“SENS”) on Tuesday, 8 August
2017 and in the press on Thursday 10 August 2017, in which they
were advised that Mpact’s board of directors had resolved to
declare an interim distribution of fully-paid Mpact ordinary
shares of no par value (“the Scrip Distribution”) to ordinary
Shareholders (“Shareholders”) recorded in the register of the
Company at the close of business on the Record Date, being Friday,
8 September 2017.
Shareholders will, however, be entitled to elect to receive a cash
dividend of 15 cents per ordinary share of no par value held on
the Record Date, being Friday, 8 September 2017, in respect of all
or part of their ordinary shareholding, instead of the Scrip
Distribution (“the Cash Dividend”).
The Cash Dividend will be paid only to those:
- certificated Shareholders whose Forms of Election to receive the
Cash Dividend, in respect of all or part of their shareholding,
are received by the Transfer Secretaries on or before 12h00 noon
on Friday, 8 September 2017; and
- dematerialised Shareholders who have instructed their CSDP or
broker accordingly and in the manner and time stipulated in
their agreement with such CSDP or broker.
The number of Scrip Distribution shares to which each of the
Shareholders will become entitled pursuant to the Scrip
Distribution (to the extent that such Shareholders have not
elected to receive the Cash Dividend) will be determined by
reference to such Shareholder’s ordinary shareholding in Mpact (at
the close of business on the Record Date, being Friday, 8
September 2017) in relation to the ratio that 15 cents bears to
the volume weighted average price of an ordinary Mpact share
traded on the JSE during the 30-day trading period ending on
Monday, 28 August 2017.
Shareholders are advised that a circular, setting out, inter alia,
the terms of the Scrip Distribution and Cash Dividend (and including
a Form of Election) will be posted to shareholders today, Tuesday,
15 August 2017 (“the Circular”). The Circular is also available on
the Company’s website, www.mpact.co.za.
The salient dates for the proposed Scrip Distribution and Cash
Dividend, also contained in the Circular, are as follows:
EVENT 2017
Announcement released on SENS in respect of Tuesday, 29 August
the ratio applicable to the Scrip
Distribution, based on the 30-day volume
weighted average price ending on Monday, 28
August 2017, by 11h00 on
Announcement published in the press of the Wednesday, 30 August
ratio applicable to the Scrip Distribution,
based on the 30-day volume weighted average
price ending on Monday, 28 August 2017 on
Last day to trade in order to be eligible Tuesday, 5 September
to receive the Scrip Distribution or the
Cash Dividend alternative
Ordinary shares trade “ex” the Scrip Wednesday, 6 September
Distribution and the Cash Dividend
alternative on
Listing and trading of maximum possible Wednesday, 6 September
number of ordinary shares on the JSE in
terms of the Scrip Distribution from the
commencement of business on
Announcement released on SENS in respect of Thursday, 7 September
the cash payment applicable to fractional
entitlements, based on the volume weighted
average price on Wednesday, 6 September
2017, discounted by 10%, by 11h00 on
Last day to elect to receive the Cash Friday, 8 September
Dividend alternative instead of the Scrip
Distribution, Forms of Election to reach
the Transfer Secretaries by 12h00 on
Record Date in respect of the Scrip Friday, 8 September
distribution and the Cash Dividend
alternative
Scrip Distribution certificates posted and Monday, 11 September
Cash Dividend payments made, CSDP/broker
accounts credited/updated, as applicable,
on
Announcement relating to the results of the Monday, 11 September
Scrip Distribution and the Cash Dividend
alternative released on SENS on
Announcement relating to the results of the Tuesday, 12 September
Scrip Distribution and the Cash Dividend
alternative published in the press on
JSE listing of ordinary shares in respect Wednesday, 13 September
of the Scrip Distribution adjusted to
reflect the actual number of ordinary
shares issued in terms of the Scrip
Distribution at the commencement of
business on or about
All times provided are South African local times. The above dates and times
are subject to change. Any material change will be announced on SENS.
Share certificates may not be dematerialised or rematerialised between
Wednesday, 6 September 2017 and Friday, 8 September 2017, both days
inclusive.
Melrose Arch
15 August 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 15/08/2017 09:00:00 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
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
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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