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TRADEHOLD LIMITED - Results of Election to Utilise Proceeds of Cash Dividend to Subscribe for New Shares in Tradehold

Release Date: 18/06/2019 10:45
Code(s): TDH     PDF:  
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Results of Election to Utilise Proceeds of Cash Dividend to Subscribe for New Shares in Tradehold

Tradehold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
JSE code: TDH
ISIN: ZAE000152658
(“Tradehold” or the “Company”)


RESULTS OF THE ELECTION TO UTILISE THE PROCEEDS OF THE CASH DIVIDEND TO
SUBSCRIBE FOR NEW SHARES IN TRADEHOLD



Tradehold shareholders ("Shareholders") are referred to the announcements released on the SENS on
24 May 2019 and 3 June 2019 ("the announcements") where they were advised that the board of
directors of Tradehold (“the Board”) had declared a gross cash dividend of R0.55 (“Cash Dividend”) per
Tradehold ordinary share (“Share”) to its ordinary shareholders recorded in the Company’s share
register at the close of business on the record date, being Friday, 14 June 2019 (“Record Date”).

The net Cash Dividend after deducting dividend tax (“DT”) of 20%, if applicable, is R0.44 (“Proceeds”).

Shareholders could elect to subscribe for new Tradehold ordinary shares (“New Shares”) by utilising all
or part of the Proceeds to which they were entitled.

Shareholders who did not elect to subscribe for New Shares received the Cash Dividend, without any
action on their part.

The number of New Shares to which Shareholders electing to subscribe for New Shares were entitled
to, was determined in the ratio of 4.47518 New Shares for every 100 Shares held (3.58015 New Shares
if the net Cash Dividend was taken into account).

The JSE Limited (“JSE”) does not permit fractions and fractional entitlements of shares. Accordingly,
where a shareholder’s entitlement to New Shares calculated in accordance with the above formula gave
rise to a fraction of a New Share, such fraction of a New Share was rounded down to the nearest whole
number, resulting in allocations of whole Shares and a cash payment for the fraction.

The applicable cash payment for any fraction arising in terms hereof is determined with reference to the
VWAP of a Share traded on the JSE during the 5-day trading period ending at the close of business on
Friday, 31 May 2019.

8 201 665 New Shares will be issued to Shareholders who elected to utilise all or part of their Proceeds
to subscribe for News Shares in terms of the New Share subscription alternative.

Shareholders who were recorded in the register of the Company at the Record Date holding
66 692 953 Shares, received the gross Cash Dividend of R0.55 cents per Share, resulting in a total
gross cash dividend of R36,681,124.15, which was paid out of the Company’s cash resources.

New Shares will be issued to applicable dematerialised Shareholders on the register and certificates
will be posted to applicable certificated Shareholders on Thursday, 20 June 2019. The Cash Dividend
payments were made and the Central Securities Depository Participant/broker accounts of
dematerialised Shareholders were credited, today.

Cape Town
18 June 2019

JSE Sponsor to Tradehold
Mettle Corporate Finance Proprietary Limited

Date: 18/06/2019 10:45:00 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.

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