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 Healthcare 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 2016, released on the Stock Exchange News Service ("SENS") on 11 May 2016, in which they were advised that Life´s board of directors had resolved to declare an interim Scrip Distribution of ordinary Life shares, incorporating the entitlement to elect to receive instead a Cash Dividend of 73 cents per ordinary Life share. The ratio applicable to the Scrip Distribution entitlement was announced on SENS on 2 June 2016, being 1,97479 Scrip Distribution shares for every 100 ordinary Life shares held on the Record Date, being Friday, 17 June 2016. If the application of this ratio gives rise to a fraction of an ordinary Life share, such fraction of a new ordinary Life share will be rounded down to the nearest whole number, resulting in allocations of whole ordinary Life shares and a cash payment for the fraction. In terms of the Scrip Distribution, 9 338 588 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 R345 209 872.92. Shareholders recorded in the register of the Company at the close of business on the Record Date holding 575 571 196 ordinary shares elected to receive the gross Cash Dividend of 73 cents per ordinary share, resulting in a total gross Cash Dividend of R420 166 973.08 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 20 June 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 20/06/2016 10:00:00 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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