| Thu 3 Jun 2010, 10:24 | | ERB - Erbacon Investment Holdings Limited Declaration of cash dividend and |
|
ERB
ERB
ERB - Erbacon Investment Holdings Limited Declaration of cash dividend and
special dividend
Erbacon Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2007/014490/06)
Share code: ERB
ISIN: ZAE000111571
("Erbacon" or "the Company")
DECLARATION OF CASH DIVIDEND
The board of Erbacon has resolved to maintain a dividend cover of between 3 to
3.5 times cash earnings, dependent on working capital and capital expenditure
requirements, specific projects and feasible investment opportunities
identified. As such, shareholders are hereby advised that the board of
directors of Erbacon has declared a cash ordinary dividend of 9.54 cents per
share for the year ended 28 February 2010. Furthermore, the board has also
declared a cash special dividend of 3.85 cents per share for the year ended 28
February 2010. The special dividend is as a result of excess cash generated, and
in order to reward shareholders for the business successes of Erbacon to date.
The total cash dividend therefore amounts to 13.39 cents per share for the year
ended 28 February 2010.
The following are the salient dates for the payment of the total cash dividend:
Last day to trade Friday, 18 June 2010
Trading ex-dividend commences Monday, 21 June 2010
Record date Friday, 25 June 2010
Payment date Monday, 28 June 2010
Share certificates may not be dematerialised or rematerialised between Monday 21
June 2010 and Friday, 25 June 2010, both days inclusive.
3 June 2010
Durban
Designated Adviser:
PSG Capital (Pty) Limited
Date: 03/06/2010 10:24:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
