Life Pharmacy Limited - Announcement of Bonus Issue
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Life Pharmacy Limited (LPL) | 5:45 pm, Friday 25 July 2008 | LPL | 0.460 |
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25 July 2008
Life Pharmacy Limited - Announcement of Bonus Issue
Life Pharmacy Limited (NZX:LPL) today announced it plans to undertake a bonus
issue of shares in order for shareholders to utilize imputation credits ahead
of any capital raising exercise undertaken.
LPL plans to issue one share for every 25 shares on issue as at the record
date (5.00pm on 8 August 2008). In total, approximately 1,454,599 fully paid
ordinary shares in LPL will be issued pro rata to shareholders. The bonus
issue shares will be issued and allotted to shareholders on 11 August 2008.
The bonus issue shares are to be issued for nil consideration, however for
tax purposes they will have an amount of $1.16 per share attributed to them.
In addition, each bonus issue share will have an imputation credit attached
to it with an amount of $0.57 per share.
Ends
Class: Ordinary Shares
ISIN: NZBDOE0001S8
Treatment of Fractions: rounded down
Ratio: 1 for 25
Record Date: 08 August 2008
Allotment Date: 11 August 2008
About Life Pharmacy
Life Pharmacy Limited owns the Life Pharmacy and Care Chemist brands and
holds a 49 percent shareholding in 19 pharmacy companies, representing 22 of
the 36 Life Pharmacy and Care Chemist stores. The Company also operates 2
Life Outlet stores and is franchisor to 9 Care Chemist branded pharmacies
operating throughout New Zealand. Stores are located in Auckland, Hamilton,
Bay of Plenty, Wellington and Christchurch.
For further information contact:
Philip Ingham
Chief Executive Officer
Life Pharmacy Limited
philip.ingham@lifepharmacy.co.nz
