SENS

17-01-2014

SCRIP DISTRIBUTION RATIO


Tongaat Hulett Limited

(Registration number 1892/000610/06)

JSE share code: TON

ISIN: ZAE000096541

 

SCRIP DISTRIBUTION RATIO

 

Further to the announcement of the interim results for the half year ended 30 September 2013, as

released on the Securities Exchange News Service of the JSE Limited (“JSE”) on 11 November 2013

and published in the press on 12 November 2013, in which ordinary shareholders (“shareholders”)

were notified of the payment of a scrip distribution with a cash dividend alternative, shareholders are

hereby advised that the volume weighted average price of ordinary shares on the JSE during the 30-

day trading period ended on Thursday, 16 January 2014 was 11 637 cents (R116.37) per share.

 

Accordingly, the number of ordinary shares to which shareholders participating in the scrip distribution

will be entitled is determined in the ratio that 150 cents multiplied by a factor of 1,05 bears to 11 637

cents, which equates to 1.35344 new ordinary shares per every 100 ordinary shares held on the

record date, being Friday, 31 January 2014.

 

Please note that ordinary shares to be issued in terms of the scrip distribution may not be traded until

Thursday, 30 January 2014.

 

Shareholders who wish to receive the cash dividend alternative (a gross cash dividend of 150 cents

per ordinary share) must elect to do so by 12:00 (10:00 UK time) on Friday, 31 January 2014, in

accordance with the provisions of the circular and form of election which was posted to shareholders

on Friday, 10 January 2014. No action is required if you wish to receive the scrip distribution.

 

A further announcement, in respect of the results of the scrip distribution, will be made on or about

Wednesday, 5 February 2014.

 

17 January 2014

 

Amanzimnyama

Tongaat, KwaZulu-Natal

 

Advisor and transaction sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

 

Sponsor

Investec

 

Attorneys

Bowman Gilfillan