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METROFILE HOLDINGS LIMITED - Posting of Circular Relating to Scrip Distribution or Cash Dividend Election

Release Date: 01/04/2019 09:22
Code(s): MFL     PDF:  
Wrap Text
Posting of Circular Relating to Scrip Distribution or Cash Dividend Election

Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MFL
ISIN: ZAE000061727
("Metrofile" or the “Company”)


POSTING OF CIRCULAR RELATING TO SCRIP DISTRIBUTION OR CASH
DIVIDEND ELECTION

Shareholders of Metrofile are referred to the Company’s interim
results for the period ended 31 December 2018 published on the
Stock Exchange News Service (“SENS”) on Friday, 15 March 2019 and
the dividend declaration announcement published on SENS on
Wednesday, 20 March 2019, wherein the board of directors of
Metrofile informed shareholders that it had resolved to declare a
distribution of fully-paid Metrofile ordinary shares with a par
value of 0.6146 cent each (“Ordinary Shares”) (the “Scrip
Distribution”).

The Scrip Distribution will be to ordinary shareholders
(“Shareholders”) recorded in the securities register of the
Company at the close of business on Thursday, 18 April 2019
(“Record Date”). Shareholders will, however, be entitled to elect
to receive a gross cash dividend of 5 cents per Metrofile Ordinary
Share held on the Record Date, in respect of all or part of their
ordinary shareholding, instead of the Scrip Distribution (the
“Cash Dividend”).

The number of Scrip Distribution shares to which 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 Metrofile (at the close of business on
the Record Date) in relation to the ratio that 5 cents bears to
the volume weighted average price of Metrofile Ordinary Shares
traded on the JSE during the 10-day trading period ending on
Wednesday, 3 April 2019.

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, where applicable, be posted
to shareholders today, Monday, 1 April 2019 (“the Circular”). The
Circular will also be available on the Company’s website,
www.metrofilegroup.com.

Johannesburg
1 April 2019

Sponsor
The Standard Bank of South Africa Limited

Transaction Advisor
Apex Partners Proprietary Limited

Date: 01/04/2019 09:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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