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Results of the Scrip Distribution and Directors' Share Dealings
Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1983/012697/06
JSE ordinary share code: MFL
ISIN: ZAE000061727
(“Metrofile” or “the Company” or “the Group”)
RESULTS OF THE SCRIP DISTRIBUTION AND THE CASH DIVIDEND
ALTERNATIVE AND SHARE DEALINGS BY DIRECTORS AND ASSOCIATES OF
DIRECTORS
Metrofile ordinary shareholders (“Shareholders”) are referred
to the announcements released on the Stock Exchange News Service
(“SENS”) on Thursday, 4 April 2019 and Wednesday, 17 April 2019
(“the announcements”) regarding the ratio applicable to the
Company’s declaration of an interim distribution of Metrofile
ordinary par value shares of 0.6146 cent each (“Scrip
Distribution Shares”) to Shareholders recorded in the register
at the close of business on the record date, being Thursday,
18 April 2019 (“Record Date”) (“Scrip Distribution”).
As set out in the announcements, Shareholders not electing to
receive the gross cash dividend of 5 cents per ordinary share
(“Cash Dividend”) in respect of all or part of their shareholding
were entitled to receive that number of Scrip Distribution
Shares determined in the ratio of 3.48319 Scrip Distribution
Shares for every 100 ordinary shares held on the Record Date.
In terms of the Scrip Distribution, 8 714 618 new ordinary
shares were issued at 143,54654 cents per share today to
Shareholders who did not elect to receive the Cash Dividend in
respect of all or part of their shareholding, resulting in a
capitalisation of the distributable retained profits of the
Company of R12 509 533.
Shareholders recorded in the register of the Company at the
close of business on the Record Date holding 184 939 701
ordinary shares elected to receive the gross Cash Dividend of 5
cents per ordinary share, resulting in a total gross Cash
Dividend of R9 246 985, which was paid out of the distributable
retained profits of the Company.
Following the Scrip Distribution, the Company has an issued
share capital of 443 854 886 ordinary par value shares of 0.6146
cent each.
In addition to the Cash Dividend payment today, share
certificates will be dispatched to certificated Shareholders and
CSDP/broker accounts of dematerialised Shareholders will be
credited.
In compliance with paragraphs 3.63 to 3.74 of the JSE Listings
Requirements, the following information is disclosed for those
directors and associates who received Metrofile shares in
respect of their shareholding in the Company under the terms of
the Scrip Distribution as announced in this SENS announcement:
Company: Metrofile Holdings Limited
Name of directors: Mary S Bomela and Muhammed Z
Abdulla
Name of associate: MIC Investment Holdings (Pty)
Limited, a wholly-owned subsidiary
of Mineworkers Investment Company
(RF) (Pty) Limited. The above-
named directors are executive
directors of Mineworkers
Investment Company (RF) (Pty)
Limited
Designation of directors: Non-executive
Type and class of Ordinary shares
securities:
Nature of transaction: Off-market receipt of shares from
Metrofile by way of a Scrip
Distribution
Nature and extent of Indirect non-beneficial
directors’ interests in
the transaction:
Date of trades: 24 April 2019
Deemed price per shares: 143,54654 cents
Number of shares 4 823 991
received:
Rand value of shares: R6 924 672.17
Permission to deal Yes
obtained:
Company: Metrofile Holdings Limited
Name of director: Christopher S Seabrooke
Name of associate: Sabvest Finance and Guarantee
Corporation (Pty) Limited, wholly-
owned by Sabvest Limited which is
controlled by The Seabrooke Family
Trust
Designation of director: Independent non-executive
Type and class of Ordinary shares
securities:
Nature of transaction: Off-market receipt of shares from
Metrofile by way of a Scrip
Distribution
Nature and extent of Indirect beneficial
director’s interest in
the transaction:
Date of trades: 24 April 2019
Deemed price per shares: 143,54654 cents
Number of shares 1 395 000
received:
Rand value of shares: R2 002 474.23
Permission to deal Yes
obtained:
Company: Metrofile Holdings Limited
Name of director: Graham D Wackrill
Designation of director: Non-executive
Type and class of Ordinary shares
securities:
Nature of transaction: Off-market receipt of shares from
Metrofile by way of a Scrip
Distribution
Nature and extent of Direct beneficial
director’s interest in
the transaction:
Date of trades: 24 April 2019
Deemed price per shares: 143,54654 cents
Number of shares 85 546
received:
Rand value of shares: R122 798.32
Permission to deal Yes
obtained:
Company: Metrofile Holdings Limited
Name of director: Pfungwa G Serima
Designation of director: Group Chief Executive Officer
Type and class of Ordinary shares
securities:
Nature of transaction: Off-market receipt of shares from
Metrofile by way of a Scrip
Distribution
Nature and extent of Direct beneficial
director’s interest in
the transaction:
Date of trades: 24 April 2019
Deemed price per shares: 143,54654 cents
Number of shares 1 304
received:
Rand value of shares: R1 871.85
Permission to deal Yes
obtained:
Johannesburg
24 April 2019
Sponsor
Standard Bank Limited
Date: 24/04/2019 09:51:00 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.
