Cash payment applicable to the scrip distribution
(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”)
CASH PAYMENT APPLICABLE TO THE SCRIP DISTRIBUTION
Shareholders are referred to the Company’s unaudited interim financial results for the six months ended 30 June
2018, published on the Stock Exchange News Service (“SENS”) on Wednesday, 8 August 2018, declaring an interim
Scrip Distribution with the alternative to elect to receive a Cash Dividend of 15 cents per ordinary Mpact share.
The ratio applicable to the Scrip Distribution entitlement was announced on SENS on Tuesday, 28 August 2018, being
0.64683 Scrip Distribution shares for every 100 ordinary Mpact shares held on the Record Date, being Friday, 7
If the application of this ratio gives rise to a fraction of an ordinary Mpact share, such fraction will be rounded down to
the nearest whole number, resulting in allocations of whole ordinary Mpact shares and a cash payment for the
fraction (“Rounding Provision”).
In accordance with the requirements of the JSE Limited, the cash payment has been determined with reference to the
volume weighted average price of an ordinary Mpact share traded on the JSE on Wednesday, 5 September 2018
(being the day on which an ordinary Mpact share began trading ‘ex’ the entitlement to receive the Scrip Distribution
or Cash Dividend alternative), discounted by 10%.
Shareholders are accordingly advised that the basis applicable in determining the cash payment for the fractional
entitlement is 2068.2 cents (2298 cents, discounted by 10%), or 1654.56 cents, net of applicable dividend withholding
Example of fractional 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 0.64683%
= 0 new ordinary shares. The Rounding Provision described above is then applied and the shareholder will receive:
0 Scrip Distribution shares in respect of the 100 ordinary shares held and a cash payment for the fractional
entitlement of 0.64683 x 2068.2 = 1337.77 cents. This fractional entitlement payment will be subject to 20% DWT,
resulting in a net cash payment of 1070.25 cents.
Thursday, 6 September 2018
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06/09/2018 10:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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