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 audited financial results for the year ended 31 December 2017, published
on the Stock Exchange News Service (“SENS”) on Wednesday, 7 March 2018, in which they were advised that Mpact’s
board of directors had resolved to declare 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.
Shareholders will, however, be entitled to elect to receive a cash dividend of 40 cents per ordinary share of no par value
held on the Record Date, being Thursday, 29 March 2018, 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 Thursday, 29 March 2018; 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
Thursday, 29 March 2018) in relation to the ratio that 40 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 Thursday, 15 March 2018.
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 on Friday, 9 March 2018 (“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 2018
Announcement released on SENS in respect of the ratio applicable to the Scrip
Distribution, based on the 30-day volume weighted average price ending on Thursday,
15 March 2018, by 11h00 on Friday, 16 March
Announcement published in the press of the ratio applicable to the Scrip Distribution,
based on the 30-day volume weighted average price ending on Thursday, 15 March
2018 on Tuesday, 19 March
Last day to trade in order to be eligible to receive the Scrip Distribution or the Cash
Dividend alternative Monday, 26 March
Ordinary shares trade “ex” the Scrip Distribution and the Cash Dividend alternative on Tuesday, 27 March
Listing and trading of maximum possible number of ordinary shares on the JSE in terms
of the Scrip Distribution from the commencement of business on Tuesday, 27 March
Announcement released on SENS in respect of the cash payment applicable to
fractional entitlements, based on the volume weighted average price on Tuesday, 27
March 2018, discounted by 10%, by 11h00 on Wednesday, 28 March
Last day to elect to receive the Cash Dividend alternative instead of the Scrip
Distribution, Forms of Election to reach the Transfer Secretaries by 12h00 on Thursday, 29 March
Record Date in respect of the Scrip distribution and the Cash Dividend alternative Thursday, 29 March
Scrip Distribution certificates posted and Cash Dividend payments made, CSDP/broker
accounts credited/updated, as applicable, on Tuesday, 3 April
Announcement relating to the results of the Scrip Distribution and the Cash Dividend
alternative released on SENS on Tuesday, 3 April
Announcement relating to the results of the Scrip Distribution and the Cash Dividend
alternative published in the press on Wednesday, 4 April
JSE listing of ordinary shares in respect 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 Thursday, 5 April
Share certificates may not be dematerialised or rematerialised between Tuesday, 27 March 2018 and Thursday, 29
March 2018, both days inclusive.
Melrose Arch
9 March 2018
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 09/03/2018 09:30:00 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,
information disseminated through SENS.
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