LHC: LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Results of the Scrip Distribution and the Cash Dividend alternative Results of the Scrip Distribution and the Cash Dividend alternative 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") RESULTS OF THE SCRIP DISTRIBUTION AND THE CASH DIVIDEND ALTERNATIVE 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 they were advised of the Company´s declaration of an interim distribution of fully-paid Life ordinary shares of R0.000001 each ("the Scrip Distribution") to ordinary shareholders ("Shareholders") recorded in the register of the Company at the close of business on the Record Date, being Friday, 30 June 2017 ("the Record Date"). As set out in the announcement, Shareholders not electing to receive the Cash Dividend in respect of all or part of their shareholding were entitled to receive that number of Scrip Distribution Shares determined in the ratio of 1.32772 Scrip Distribution Shares for every 100 ordinary shares held on the Record Date. Where a Shareholder´s entitlement to Scrip Distribution Shares, calculated in accordance with the above ratio, gave rise to a fraction of a new ordinary share, such fraction of a new ordinary share was 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 was determined with reference to the VWAP 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 the Cash Dividend alternative), discounted by 10%. The applicable cash payment was announced on SENS on Thursday, 29 June 2017. In terms of the Scrip Distribution, 8 450 256 new ordinary shares were issued today to Shareholders who did not elect to receive the Cash Dividend in respect of all or part of their shareholding, resulting in a capitalisation of the distributable retained profits of the Company of R222 784 094.75. Shareholders recorded in the register of the Company at the close of business on the Record Date holding 804 413 889 ordinary shares elected to receive the gross Cash Dividend of 35 cents per ordinary share, resulting in a total gross Cash Dividend of R281 544 861.15, which was paid out of the distributable retained profits of the Company. Share certificates, where applicable, were dispatched to certificated Shareholders at their own risk, and the Cash Dividend payments were made/Central Securities Depository Participant/broker accounts of dematerialised Shareholders were credited, today. Illovo 3 July 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 03/07/2017 08:00:00 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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