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MPACT LIMITED - Ratio applicable to the scrip distribution

Release Date: 16/03/2018 15:19
Code(s): MPT     PDF:  
Wrap Text
Ratio applicable to the scrip distribution

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”) 
 
RATIO APPLICABLE TO THE SCRIP DISTRIBUTION 
 
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 7 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 (“Record Date”).  
 
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 in respect of all or part of their ordinary shareholding, instead of the Scrip Distribution 
(“the Cash Dividend”). 
 
A circular setting out the terms of the Scrip Distribution and Cash Dividend alternative, including a Form of Election, 
was posted to shareholders on Friday, 9 March 2018. 
 
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 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 Shareholder will become entitled pursuant to the Scrip 
Distribution (to the extent that such Shareholder has 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) in 
relation to the ratio that 2744 cents bears to 40 cents, representing the volume weighted average price (“VWAP”) of 
an ordinary Mpact share traded on the JSE during the 30-day trading period ending on Thursday, 15 March 2018. The 
ratio of Scrip Distribution shares to which each Shareholder will become entitled pursuant to the Scrip Distribution (to 
the extent that such Shareholder has not elected to receive the Cash Dividend) is therefore 1.45773 Scrip Distribution 
shares for every 100 ordinary shares held on the Record Date. 
 
Where the application of this ratio gives rise to a fraction of an ordinary share, such fraction will be 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 will be 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 will be announced on SENS on Wednesday, 28 March 2018. 
 
Example of Scrip Distribution entitlement: 
This example assumes that a Shareholder holds 100 ordinary shares at the close of business on the Record Date and 
does not elect to receive the Cash Dividend in respect of all or part of their shareholding. 
 
New ordinary share entitlement = 
100 x 40 cents 
______________
2744 cents 
= 1.45773 new shares 
(then apply the Rounding Provision described above) 
= 1 Scrip Distribution share in respect of the 100 ordinary shares held. 
 
Melrose Arch 
16 March 2018 
 
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 
 

Date: 16/03/2018 03:19:00 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
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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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