Further to the approval by the shareholders of TOTAL PETROLEUM GHANA LIMITED (TOTAL or the Company) at its Annual General Meeting (AGM) held on June 26, 2013, the Company is pleased to announce a Bonus Issue for its shareholders in a ratio of seven (7) new shares for every one (1) existing share held.
The qualifying date for the Bonus Issue has been set for Wednesday, August 14, 2013. Only shareholders on the register of members of TOTAL as at the close of business on Wednesday, August 14, 2013 will be entitled to the bonus shares.
Closure of Register
Pursuant to section 34 of the Companies Code Act 1963 (Act 179) and regulation 40(b) of the Ghana Stock Exchange Listing Rules, the Register of Members of TOTAL will be closed to the general public from Thursday, August 15, 2013 to Friday, August 16, 2012 (both dates inclusive).
Consequently for the purposes of trading on the Exchange, the ex-bonus date is Monday, August 12, 2013. This means that investors buying TOTAL shares on or after Monday, August 12, 2013 will not be entitled to the bonus shares. Those buying before this date will be entitled to the bonus shares.
Electronic (book entry) Certification
In line with the Exchange’s requirement, paper certificates will not be issued in respect of the bonus shares. Investors who have their shares in the GSE Depository will be automatically credited with the bonus shares due them on the application date. Paper certificates holders or investors who have not as yet put their TOTAL shares in the GSE Depository are advised to visit any of the brokerage houses and use their certificates as well as the allotment letter for the bonus shares to deposit all existing and new (bonus) shares in a Depository account. Opening of a GSE Depository account is free of charge.
A reference price (reflecting the bonus issue) for TOTAL Shares shall be set by the Exchange on Monday, August 12, 2013.
Issued in Accra under the authority of Total Petroleum Ghana Limited,
this 23rd day of July, 2013.