| Wed 7 Nov 2007, 7:49 | | TLM - Telemasters Announces Dividend |
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TLM
TLM
TLM - Telemasters Announces Dividend
TELEMASTERS HOLDINGS LIMITED
formerly Sinvent Investments 96 (Pty) Ltd
(Incorporated in the Republic of South Africa)
(Registration Number: 2006/015734/06)
JSE Code: TLM
ISIN: ZAE000093324
("TeleMasters" or "the Company")
TELEMASTERS ANNOUNCES DIVIDEND
The Board of TeleMasters Holdings Ltd is pleased to confirm that the Company
declares the anticipated dividend of 12 cents per share for the year ended 30
September 2007.
The anticipated dividend is in line with expectations laid out in the
company`s Pre-listing Statement of 8 March 2007, at the placement of the
shares at 50 cents each.
Mario Pretorius, TeleMasters MD, ascribes the company`s strong performance to
various factors, including a shift in strategic focus and returns garnered
from systems investments.
"We moved our strategy from pure LCR (Least Cost Routing) to a more holistic
Electronic Communication Strategy," he says. "This has upped the quality of
our client base significantly. In addition, we`re experiencing strong pay-offs
from investments in systems that have dramatically improved staff efficiency.
Turnover is now over R650,000 per person, per year. In combination with a
simplified sales method that guarantees savings for clients and an ongoing
improvement programme targeting decision making ability at all levels, the
company has managed to reduce the bulk of its debtor days to under 20."
"TeleMasters will retain these focus points looking forward,` Pretorius
concludes. `We therefore expect to continue delivering in line with
expectations over the medium term".
The TeleMasters Board expects to announce its annual results in the next 2
weeks.
Shareholders` attention is drawn to the timetable set out below:
Wednesday, 07 November 2007: Publication of declaration data.
Friday, 23 November 2007: Last day to trade.
Monday, 26 November 2007: Securities start trading ex-dividend.
Friday, 30 November 2007: Record date to determine who receives the
dividend
Monday, 04 December 2007: Electronic transfer of funds or cheques
posted/CSDPs and brokers credited
7 November 2007
Centurion
Designated advisor
River Group
Date: 07/11/2007 07:49:04 Produced by the JSE SENS Department.
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