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MAS REAL ESTATE INC - Announcement of finalisation information in respect of the final distribution for the year ended 30 June 2017

Release Date: 26/09/2017 10:00
Code(s): MSP     PDF:  
Wrap Text
Announcement of finalisation information in respect of the final distribution for the year ended 30 June 2017

MAS Real Estate Inc.
Registered in the British Virgin Islands
Registration number 1750199
Registered as an external company in the Republic of South Africa
Registration number 2010/000338/10
SEDOL (EMTF): B96VLJ5
SEDOL (JSE): B96TSD2
JSE share code: MSP
ISIN: VGG5884M1041
LEI code: 213800T1TZPGQ7HS4Q13
(“MAS” or “the Company”)


ANNOUNCEMENT OF FINALISATION INFORMATION IN RESPECT OF THE FINAL DISTRIBUTION FOR THE YEAR ENDED 30 JUNE 2017


Shareholders are referred to the distribution declaration announced on 13 September 2017 (the “Distribution”) and
are advised that shareholders on the South African share register who elect to receive the Distribution by way of a
cash payment (the “Cash Distribution”) in lieu of an issue of new ordinary shares of no par value in MAS (“New
Shares”) will receive their Cash Distribution in South African rand converted from euro at the closing spot exchange
as at Friday, 22 September 2017 of EUR1.00 : ZAR15.8359 (the “Conversion Rate”). Accordingly, the Distribution of
3.19 euro cents per share will be equal to 50.51652 ZAR cents per share.

The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that
3.19 euro cents per share bears to the relevant share price (the “Ratio Price”). The Ratio Price is a five percent
discount to the five-day volume weighted average price of MAS shares on the JSE at the close of business on Friday,
22 September 2017, converted to euro at the Conversion Rate . The Ratio Price applicable to MAS shareholders is
166.79349 euro cents per share. Shareholders will receive New Shares in the ratio of 1.91254 New Shares for every
100 MAS shares held by the shareholder at the record date, being Friday, 6 October 2017.

The information provided in this paragraph is only of direct application to shareholders on the South African share
register. The gross local distribution amount is 50.51652 ZAR cents per share for shareholders exempt from paying
South African dividends tax. The net local distribution amount is 40.41322 ZAR cents per share for shareholders liable
to pay dividends tax at a rate of 20%.

Should all shareholders receive the New Shares, pursuant to a return of capital, the maximum amount of New Shares
to be issued is 10,667,376. If all shareholders were to receive the Cash Distribution, the value of the Distribution 
would amount to EUR 17,792,489.36 and would be funded from the company’s distributable reserves.

MAS is listed on both the Main Board of the JSE and on the Euro MTF market of the LuxSE.


26 September 2017

For further information please contact:

                                                                             Telephone
Helen Cullen, Company Secretary, MAS Real Estate Inc.                        +44 1624 625 000
Java Capital, South African corporate advisor and JSE sponsor                +27 11 722 3050
Charl Brand, M Partners, Luxembourg                                          +352 263 868 602

Date: 26/09/2017 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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