LHC: LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Posting of circular relating to scrip distribution or cash dividend election Posting of circular relating to scrip distribution or cash dividend election 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") POSTING OF CIRCULAR RELATING TO SCRIP DISTRIBUTION OR CASH DIVIDEND ELECTION Shareholders are referred to the Company´s unaudited financial results for the six months ended 31 March 2017, published on the Stock Exchange News Service ("SENS") on 12 May 2017, in which they were advised that Life´s board of directors had resolved to declare 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. Shareholders will, however, be entitled to elect to receive a cash dividend of 35 cents per ordinary share of R0.000001 each held on the Record Date, being Friday, 30 June 2017, in respect of all or part of their ordinary shareholding, instead of the Scrip Distribution ("the Cash Dividend"). The Cash Dividend will be paid only to those: - certificated Shareholders whose Forms of Election to receive the Cash Dividend, in respect of all or part of their shareholding, are received by the Transfer Secretaries on or before 12h00 on Friday, 30 June 2017; and - dematerialised Shareholders who have instructed their CSDP or broker accordingly and in the manner and time stipulated in their agreement with such CSDP or broker. The number of Scrip Distribution shares to which each of the Shareholders will become entitled pursuant to the Scrip Distribution (to the extent that such Shareholders have not elected to receive the Cash Dividend) will be determined by reference to such Shareholder´s ordinary shareholding in Life (at the close of business on the Record Date, being Friday, 30 June 2017) in relation to the ratio that 35 cents multiplied by 1.025 bears to the volume weighted average price ("VWAP") of an ordinary Life share traded on the JSE during the 15-day trading period ending on Monday, 19 June 2017. Shareholders are advised that a circular, setting out, inter alia, the terms of the Scrip Distribution and Cash Dividend (and including a Form of Election) will be posted to Shareholders today, Monday, 5 June 2017 ("the Circular"). The Circular is also available on the Company´s website, www.lifehealthcare.co.za. The salient dates for the proposed Scrip Distribution and Cash Dividend, also contained in the Circular, are as follows: EVENT 2017 Announcement released on SENS in respect of the Tuesday, 20 June ratio applicable to the Scrip Distribution, based on the 15-day volume weighted average price ending on Monday, 19 June 2017, by 11h00 on Announcement published in the press of the ratio Wednesday, 21 June applicable to the Scrip Distribution, based on the 15-day volume weighted average price ending on Monday, 19 June 2017 on Last day to trade in order to be eligible for Tuesday, 27 June the Scrip Distribution and the Cash Dividend alternative Ordinary shares trade "ex" the Scrip Wednesday, 28 June Distribution and the Cash Dividend alternative on Listing and trading of maximum possible number Wednesday, 28 June of ordinary shares on the JSE in terms of the Scrip Distribution from the commencement of business on Announcement released on SENS in respect of the Thursday, 29 June cash payment applicable to fractional entitlements, based on the volume weighted average price of an ordinary Life share traded on the JSE on Wednesday, 28 June 2017, discounted by 10% Last day to elect to receive the Cash Dividend Friday, 30 June alternative instead of the Scrip Distribution, Forms of Election to reach the Transfer Secretaries by 12h00 on Record Date in respect of the Scrip Distribution Friday, 30 June and the Cash Dividend alternative Scrip Distribution certificates posted and Cash Monday, 3 July Dividend payments made, CSDP/broker accounts credited/updated, as applicable, on Announcement relating to the results of the Monday, 3 July Scrip Distribution and the Cash Dividend alternative released on SENS on Announcement relating to the results of the Tuesday, 4 July Scrip Distribution and the Cash Dividend alternative published in the press on JSE listing of ordinary shares in respect of the Wednesday, 5 July Scrip Distribution adjusted to reflect the actual number of ordinary shares issued in terms of the Scrip Distribution at the commencement of business on or about All times provided in this Circular are South African local times. The above dates and times are subject to change. Any material change will be announced on SENS. Share certificates may not be dematerialised or rematerialised between Wednesday, 28 June 2017 and Friday, 30 June 2017, both days inclusive. Illovo 5 June 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 05/06/2017 12:21:00 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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