LHC: LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Cash fraction applicable to the scrip distribution Cash fraction applicable to the scrip distribution LIFE HEALTHCARE GROUP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2003/002733/06) ISIN: ZAE000145892 Share Code: LHC ("Life" or "the Company") CASH FRACTION APPLICABLE TO THE SCRIP DISTRIBUTION Shareholders are referred to the Company´s unaudited interim financial results for the six months ended 31 March 2017, published on the Stock Exchange News Service ("SENS") on 12 May 2017 and in the press on 15 May 2017, in which it declared an interim Scrip Distribution with the alternative to elect to receive a Cash Dividend of 35 cents per ordinary Life share. The ratio applicable to the Scrip Distribution entitlement was announced on SENS on 20 June 2017, being 1.32772 Scrip Distribution shares for every 100 ordinary Life shares held on the Record Date, being Friday, 30 June 2017. If the application of this ratio gives rise to a fraction of an ordinary Life share, such fraction will be rounded down to the nearest whole number, resulting in allocations of whole ordinary Life 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 Life share traded on the JSE on Wednesday, 28 June 2017 (being the day on which an ordinary Life 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 2314.36452 cents (2571.51613 cents, discounted by 10%) or 1851.49162 cents, net of applicable dividend withholding tax. Example of fractional entitlement: This example assumes that a Shareholder holds 100 ordinary Life 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 1.32772% = 1.32772 new ordinary shares. The Rounding Provision described above is then applied and the shareholder will receive: 1 Scrip Distribution share in respect of the 100 ordinary shares held and a cash payment for the fractional entitlement of 0.32772 x 2314.36452 = 758.46354 cents. This fractional entitlement payment will be subject to 20% dividend withholding tax, resulting in a net cash payment of 606.77083 cents. Illovo 29 June 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 29/06/2017 10:59:00 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.
Source: JSE News Service (SENS)
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