TRADEHOLD LIMITED - Finalisation Information - Foreign Cash Dividend with Election to Utilise Proceeds to Subscribe for New Shares

Finalisation Information - Foreign Cash Dividend with Election to Utilise Proceeds to Subscribe for New Shares

Tradehold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
JSE code: TDH
ISIN: ZAE000152658
(“Tradehold” or the “Company”)



FINALISATION INFORMATION OF THE FOREIGN CASH DIVIDEND TO ORDINARY SHAREHOLDERS WITH
AN ELECTION TO UTILISE THE PROCEEDS OF THE DIVIDEND TO SUBSCRIBE FOR NEW SHARES IN
TRADEHOLD



1. INTRODUCTION
Shareholders are referred to the announcement published on SENS on 24 May 2019 where they were advised that
the board of directors of Tradehold (“the Board”) had declared a gross cash dividend of R0.55 (“Cash Dividend”)
per Tradehold ordinary share (“Share”) to its ordinary shareholders recorded in the Company’s share register at
the close of business on the record date, being Friday, 14 June 2019 (“Record Date”).


The net Cash Dividend after deducting dividend tax (“DT”) of 20%, if applicable, will be R0.44 per share
(“Proceeds”).


Shareholders may elect to subscribe for new Tradehold ordinary shares (“New Shares”) by utilising all or part of
the Proceeds to which they are entitled.


Shareholders not electing to subscribe for the New Shares will, without any action on their part, receive the Cash
Dividend.


All of the Cash Dividend will be funded from the Company’s cash resources.


2. TERMS OF THE CASH DIVIDEND AND SUBSCRIPTION FOR NEW SHARES ALTERNATIVE
Shareholders will receive the Cash Dividend, if and to the extent that such Shareholders have not elected to apply
the Proceeds to subscribe for the New Shares. Shareholders are, however, entitled to elect to apply all or part of
their Proceeds to subscribe for New Shares by 12h00 on the Record Date.


The number of New Shares to which each of the shareholders will become entitled is determined as follows:
-    The re-investment share price (or New Share subscription price) of a Share is R12.29 which is the
     volume weighted average price (“VWAP”) of a Share traded on the JSE during the 5-day trading period
     that ended at the close of business on, Friday, 31 May 2019.
-    The ratio of entitlement is calculated as the ratio that the gross Cash Dividend per Share bears to the re-
     investment share price which equates to 4.47518 New Shares for every 100 Shares held (3.58015 New
     Shares if the net Cash Dividend is taken into account).
-    Where the application of this ratio of entitlement gives rise to a fraction of a Share, the rounding principles
     described in paragraph 4 below will be applied.


3. FRACTIONS
The JSE Limited (“JSE”) does not permit fractions and fractional entitlements of shares. Accordingly, where a
shareholder’s entitlement to New Shares calculated in accordance with the above formula gives rise to a fraction
of a New Share, such fraction of a New Share will be rounded down to the nearest whole number, resulting in
allocations of whole Shares and a cash payment for the fraction.


The applicable cash payment for any fraction arising in terms hereof is determined with reference to the VWAP of
a Share traded on the JSE during the 5-day trading period ending at the close of business on Friday, 31 May 2019.


Cape Town
3 June 2018


JSE Sponsor to Tradehold
Mettle Corporate Finance Proprietary Limited

Date: 03/06/2019 10:56:00 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.