Notice is hereby given that, in accordance with the authority granted to the directors of the company in terms of article 56A of the company’s articles of association and the resolution passed at the annual general meeting of the company held on 4 December 2006, a cash distribution from share premium account of 50 cents per share (2006: 37,5 cents per share) has been declared and is payable to shareholders recorded in the books of the company at the close of business on Friday, 9 November 2007 (the capital distribution). The salient dates of this distribution are:
| |
2007 |
| Last date to trade cum capital distribution |
Friday, 9 November |
| Shares trade ex capital distribution |
Monday, 12 November |
| Record date |
Friday, 16 November |
| Payment date |
Monday, 19 November |
On Monday, 19 November 2007, the capital distribution will be electronically transferred to the bank accounts of certificated shareholders who utilise this facility. In all other instances of certificated holders, cheques dated 19 November 2007 will be posted on or about that date. Shareholders who have dematerialised their shares will have their accounts credited on 19 November 2007.
In terms of the South African Companies Act, the directors confirm that, after the payment of the capital distribution, the company will be able to pay its debts as they become due in the ordinary course of business, and its consolidated assets, fairly valued, will exceed its consolidated liabilities.
Declaration of dividend number 4 to preference shareholders
The board of Steinhoff Investment has resolved to declare a dividend of 467,26 cents per preference share in respect of the period from 1 January 2007 up to and including 30 June 2007 (the dividend period), payable on Monday, 22 October 2007, to those preference shareholders recorded in the books of the company at the close of business on Friday, 19 October 2007. This dividend has been determined on the basis of 75% of the prime bank overdraft lending rate quoted by Absa Bank Limited prevailing over the dividend period, applied to the nominal value plus premium (of R100,00 per preference share, in the aggregate).
The dividend is payable in the currency of South Africa.
| Last date to trade cum dividend |
Friday, 12 October 2007 |
| Shares trade ex dividend |
Monday, 15 October 2007 |
| Record date |
Friday, 19 October 2007 |
| Payment date |
Monday, 22 October 2007 |
No dematerialisation or rematerialisation of preference shares may take place between Monday, 15 October 2007, and Friday, 19 October, both dates inclusive.
On Monday, 22 October 2007, the preference dividend will be electronically transferred to the bank accounts of preference shareholders. In all other instances of certificated holders, if any, cheques dated 22 October 2007 will be posted on or about that date. Preference shareholders who have dematerialised their shares will have their accounts credited on Monday, 22 October 2007.
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