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Results of the scrip distribution and the cash dividend alternative
Mpact Limited
(Incorporated in the Republic of South Africa)
(Company registration number 2004/025229/06)
JSE Share Code: MPT
JSE ISIN: ZAE000156501
(“Mpact” or “the Company”)
RESULTS OF THE SCRIP DISTRIBUTION AND THE CASH DIVIDEND
ALTERNATIVE
Shareholders are referred to the Company’s audited financial
results for the year ended 31 December 2017, published on the
Stock Exchange News Service on Wednesday, 7 March 2018 and in
the press on Thursday, 8 March 2018 in which they were advised
of the Company’s declaration of a final 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 Thursday, 29 March 2018
(“the Record Date”).
As set out in the announcement, Shareholders not electing to
receive the Cash Dividend in respect of all or part of their
shareholding were entitled to receive that number of Scrip
Distribution Shares determined in the ratio of 1.45773 Scrip
Distribution share for every 100 ordinary shares held on the
Record Date.
Where a Shareholder’s entitlement to Scrip Distribution
Shares, calculated in accordance with the above ratio, gave
rise to a fraction of a new ordinary share, such fraction of a
new ordinary share was rounded down to the nearest whole
number, resulting in allocations of whole ordinary shares and
a cash payment for the fraction. The applicable cash payment
was determined with reference to the VWAP of an ordinary Mpact
share traded on the JSE on Tuesday, 27 March 2018, (being the
day on which an ordinary Mpact share begins trading ‘ex’ the
entitlement to receive the Scrip Distribution or the Cash
Dividend alternative), discounted by 10%. The applicable cash
payment was announced on SENS on Wednesday, 28 March 2018.
In terms of the Scrip Distribution, 1 184 285 new ordinary
shares were issued today to Shareholders who did not elect to
receive the Cash Dividend in respect of all or part of their
shareholding, resulting in a capitalisation of the
distributable retained profits of the Company of
R32 496 780.40. Shareholders recorded in the register of the
Company at the close of business on the Record Date holding
90 206 303 ordinary shares elected to receive the gross Cash
Dividend of 40 ZAR cents per ordinary share, resulting in a
total gross Cash Dividend of R36 086 786.23, which was paid
out of the distributable retained profits of the Company.
Share certificates, where applicable, were dispatched to
certificated Shareholders at their own risk, and the Cash
Dividend payments were made/Central Securities Depository
Participant/broker accounts of dematerialised Shareholders
were credited, today.
Melrose Arch
3 April 2018
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 03/04/2018 10:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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