LHC: LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Results of the scrip distribution and the cash dividend alternative

2016-12-19 10:00:00
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 audited financial
results for the year ended 30 September 2016, released on the
Stock Exchange News Service ("SENS") on 11 November 2016 ("Results
Announcement"), in which they were advised that Life´s board of
directors had resolved to declare a final Scrip distribution of
ordinary Life shares, incorporating the entitlement to elect to
receive instead a Cash Dividend of 92 cents per ordinary Life
share.
The ratio applicable to the Scrip Distribution entitlement was
announced on SENS on 5 December 2016, being 2,96728 Scrip
Distribution shares for every 100 ordinary Life shares held on the
Record Date, being Thursday,15 December 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, 15 792 914 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 R489 686 067.80. Shareholders recorded
in the register of the Company at the close of business on the
Record Date holding 525 532 556 ordinary shares elected to receive
the gross Cash Dividend of 92 cents per ordinary share, resulting
in a total gross Cash Dividend of R483 489 951.52 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.
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
19 December 2016
Date: 19/12/2016 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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Source: JSE News Service (SENS)

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