Last checked at 17 Sep 2009 10:00
AECI LIMITED
Incorporated in the Republic of South Africa
(Registration No 1924/002590/06)
Share code: AFE ISIN code: ZAE000000220
("AECI" or "the Company")
CONFIRMATION OF RATIO FOR CAPITALISATION AWARD
AECI shareholders are referred to the announcement which was released by the Company on the Securities Exchange News Service ("SENS") on Tuesday, 28 July 2009, and published in the press on Wednesday, 29 July 2009, together with the circular posted on 7 September 2009 regarding the capitalisation award.
According to the terms of the capitalisation award, the number of shares to which shareholders are entitled has been determined in the ratio that 28 cents per ordinary share bears to the 30-day volume-weighted average traded price of AECI ordinary shares on the JSE Limited ("JSE") at the close of business on Wednesday, 16 September 2009 ("VWAP"), being: R55,71.
Shareholders will accordingly be entitled to receive 0.50260 shares for every 100 shares held on Friday, 2 October 2009, being the record date in terms of the capitalisation award, in lieu of the cash dividend of 28 cents per share.
Trading in the Strate environment does not permit fractions and fractional entitlements. Accordingly, where a shareholder's entitlement to new ordinary shares calculated in accordance with the above formula gives rise to a fraction of a new ordinary share, such fraction will be rounded up to the nearest whole number, where the fraction is greater than or equal to 0.5 and rounded down to the nearest whole number, where the fraction is smaller than 0.5.
By order of the BoardEA ReaActing Company secretaryWoodmead, Sandton17 September 2009Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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