MCB Group Limited (Mauritius) – Communique

By Published On: July 11th, 2022Categories: Corporate announcement, Share adjustments

The Board of Directors ( the “Board”) of MCB Group Limited (the “Company”) wishes to inform its shareholders and the investing public in general of the following:

SCRIP DIVIDEND
Further to the Communiqué issued on the 14th June 2022, the Board has approved the issue of 758,199 Ordinary Shares, under the terms of the Scrip Dividend Scheme and the related Circular, for a total consideration of Rs 234,131,851.20 to shareholders who have opted for Scrip Shares in respect of the dividend declaration on the Company’s Ordinary Shares dated 13th May 2022.

GROUP EMPLOYEE SHARE OPTION SCHEME
Following the offering of 642,518 options to employees under the Group Employee Share Option Scheme in October 2021, a total of 13,673 options were exercised during the third transfer window of the scheme, for a total consideration of Rs 4,224,957.00. The balance of 496,365 options will lapse around the 15th October 2022.

CONVERSION OF PREFERENCE SHARES INTO ORDINARY SHARES
Further to the Communiqué issued on 8th June 2022, the Company has received requests from holders of Preference Shares to convert an aggregate of 70,734,772 Preference Shares into Ordinary Shares. In this context, the Board has approved the issue of 2,297,945 Ordinary Shares of the Company for a total consideration of Rs 707,284,491.55.

ISSUE AND LISTING OF THE NEW ORDINARY SHARES
As a result of the above transactions, a total of 3,069,817 new Ordinary Shares have been issued on 8th July 2022 by the Company for listing on the Stock Exchange of Mauritius Ltd, and shall be available for trading on 11th July 2022. The number of Ordinary Shares in issue now stands at 243,638,130.

The Company wishes to thank the shareholders for their on-going commitment, trust and support.

By order of the Board 8th July 2022

MCB Group Corporate Services Ltd
Company Secretary


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