LHC: LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Posting of circular relating to scrip distribution or cash dividend election

2015-11-19 07:30:00
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 Healthcare or "the Company") 
 
POSTING OF CIRCULAR RELATING TO SCRIP DISTRIBUTION OR CASH DIVIDEND ELECTION 
 
Shareholders are referred to the Company´s audited financial results for the year ended 30 September 
2015, released on the Stock Exchange News Service ("SENS") on 13 November 2015 ("Results 
Announcement"), in which they were advised that Life´s board of directors had resolved to declare a final 
distribution of fully?paid Life ordinary shares of R0.000001 ("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, 11 December 2015.   
 
Shareholders will, however, be entitled to elect to receive a cash dividend of 86 cents per ordinary share of 
R0.000001 on the Record Date, being Friday, 11 December 2015, 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, 11 
   December 2015; 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, 11 December 2015) in relation to the ratio that 86 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 Thursday, 26 November 2015. The application of the 
1.025 factor in the Scrip Distribution pricing mechanism is intended to incorporate a 2.5% discount on the 
15?day VWAP for Shareholders not electing to receive the Cash Dividend Alternative.  
 
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, Thursday, 19 November 
2015 ("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                                                                                                        2015 
Announcement released on SENS in respect of the ratio applicable                              Friday, 27 November 
to the Scrip Distribution, based on the 15?day volume weighted 
average price ending on Thursday, 26 November, by 11h00 on 
Announcement published in the press of the ratio applicable to the                            Monday, 30 November 
Scrip Distribution, based on the 15?day volume weighted average 
price ending on Thursday, 26 November 2015 on 
Last day to trade in order to be eligible for the Scrip Distribution and                       Friday, 4 December 
the Cash Dividend alternative 
Ordinary shares trade "ex" the Scrip Distribution and the Cash                                 Monday, 7 December 
Dividend alternative on 
Listing and trading of maximum possible number of ordinary shares                              Monday, 7 December
on the JSE in terms of the Scrip Distribution from the 
commencement of business on  
Last day to elect to receive the Cash Dividend alternative instead of                         Friday, 11 December 
the Scrip Distribution, Forms of Election to reach the Transfer 
Secretaries by 12h00 on 
Record Date in respect of the Scrip distribution and the Cash                                 Friday, 11 December 
Dividend alternative 
Scrip Distribution shares issued to shareholders on the South African                         Monday, 14 December 
register and Scrip Distribution, certificates posted and Cash Dividend 
payments made, CSDP/broker accounts credited/updated, as 
applicable, on 
Announcement relating to the results of the Scrip Distribution and                             Monday, 14 December 
the Cash Dividend alternative released on SENS on 
Announcement relating to the results of the Scrip Distribution and                            Tuesday, 15 December 
the Cash Dividend alternative published in the press on 
JSE listing of ordinary shares in respect of the Scrip Distribution                          Thursday, 17 December 
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 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 rematerialized between Monday, 7 December 2015 and Friday, 11 
December 2015, both days inclusive. 
 
Illovo 
19 November 2015 
 
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 
 
Date: 19/11/2015 07:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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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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