| To : Business Editor | For immediate release |
JARDINE STRATEGIC'S CONVERTIBLE CUMULATIVE PREFERENCE SHARES TO BE CONVERTED
10th September 1997 -- Jardine Strategic Holdings Limited has announced that its Convertible Preference Shares are to be compulsorily converted to fully paid Ordinary Shares of the Company.
The Board is taking the opportunity compulsorily to convert the Preference Shares in accordance with their terms following the Ordinary Share price reaching the level prescribed within the Bye-laws for the required 30 day period.
The conversion will result in approximately 174 million Ordinary Shares being issued, representing approximately 14.3% of the Company's enlarged share capital.
Preference Shareholders will be entitled to receive the preference dividend pro-rata until the date of conversion, which is expected to be 10th October 1997, but will not rank for the interim dividend for 1997 payable on the Ordinary Shares. New share certificates will be issued not later than 7th November 1997.
Convertible Preference Shareholders will be contacted directly as to the action they must take. No action is required by existing Ordinary Shareholders.
For further information, please contact:
| Jardine Matheson Limited Neil M McNamara |
Tel: (852) 2843 8227 (office) |
| Ludgate Asia Limited Martin Spurrier |
Tel: (852) 2543 5413 (office) |
This announcement can be accessed through the Internet at "http://www.irasia.com/listco/sg/jsh"
and is also available through "First Call".
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