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 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 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 Friday, 10 June 2016 (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 applicable cash payment per fractional entitlement is 3239 cents. Example of Scrip Distribution entitlement: This example assumes that a Shareholder holds 100 ordinary 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 1,97479% = 1,97479 new ordinary shares (then apply the Rounding Provision described above) = 1 Scrip Distribution share in respect of the 100 ordinary shares held and 3239 cents for the fraction. Illovo Monday, 13 June 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 13/06/2016 01:20:00 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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