The directors intend to recommend a four for one bonus share issue at the Annual General Meeting. Record date is September 15, 1998. There will also be a recommendation for a final dividend of five cents per share including the shares allocated from the bonus issue. Record date is September 25 and payment date is October 9, 1998. The effect of the above, if approved is a 103% increase in dividend level over last year.
The annual general meeting is to be held on September 3, 1998.