Shareholders are referred to the announcement published on SENS by the Company on 16 April 2014, relating to the settlement agreement concluded between the Company and PricewaterhouseCoopers Incorporated (“the Settlement”) and the voluntary circular dated 30 April 2014 setting out the full particulars of the Settlement and convening a general meeting of
shareholders (“the General Meeting”).
Shareholders are further referred to the announcement published on SENS by the Company on 30 May 2014, whereby shareholders were advised that the requisite majority of shareholders approved all resolutions relating to the Settlement at the General Meeting.
On 26 June 2014, the Company received payment of R150 million from PricewaterhouseCoopers.
After consideration of the cash position of the Company, as a result of the Settlement, the directors have approved and declared a gross special cash dividend of 225 cents from income reserves, equating to approximately R161 million in aggregate.
No secondary tax on companies credits are available to be utilised by the Company for the special dividend. The final dividend amount, net of South African dividend tax of 15% which equates to 33.75 cents per share, is therefore 191.25 cents per share for those shareholders that are not exempt from dividend tax.
The number of ordinary shares in issue at the declaration date is 74 585 065, and the income tax number of the company is 9042/001/60/3.
The salient dates of this special dividend distribution are:
Last day to trade cum dividend Friday, 18 July 2014
Trading ex dividend commences Monday, 21 July 2014
Record date Friday, 25 July 2014
Date of payment Monday, 28 July 2014
Share certificates may not be dematerialised or rematerialised between
Monday, 18 July 2014, and Friday, 25 July 2014, both days inclusive.
Johannesburg
26 June 2014
Sponsor: PSG Capital (Pty) Limited