| Fri 1 Oct 2010, 7:29 | | TLM - Telemasters Holdings Limited - Notice of declaration of quarterly cash |
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TLM
TLM
TLM - Telemasters Holdings Limited - Notice of declaration of quarterly cash
dividend and capital distribution
TELEMASTERS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/015734/06)
Share code: TLM ISIN Number: ZAE000093324
("TeleMasters" or "the Company")
NOTICE OF DECLARATION OF QUARTERLY CASH DIVIDEND AND CAPITAL DISTRIBUTION
Notice is hereby given that a quarterly cash dividend of 1 cent per share ("the
dividend") has been declared payable to shareholders recorded in the share
register of the Company at the close of business on Friday, 22 October 2010.
Furthermore, a special resolution passed by shareholders at the Annual General
Meeting held on 1 April 2010 granted approval for the directors to make payments
to shareholders out of share capital.
In addition to the above fourth quarter cash dividend, the board of directors
has resolved, to declare a quarterly capital distribution out of share premium
of 3 cents per share, payable on Monday, 25 October 2010 to shareholders
recorded in the register of the Company as at Friday, 22 October 2010.
Shareholders` attention is drawn to the fact that any general payments in terms
of this authority may not exceed 20% of the Company`s issued share capital and
reserves in any one financial year, measured at the beginning of the financial
year.
The table below illustrates the pro forma financial effects of the capital
distribution on the Unaudited condensed interim results of the Company for the 9
months ended 30 June 2010, the pro forma earnings figures illustrating the
possible financial effects if the capital distribution had been made on 1
October 2009 and the pro forma net asset values figures illustrating the
possible financial effects if the capital distribution had been made on 30 June
2010.
Before the After the
capital capital Percentage
distribution distribution change
Earnings per share (cents) 11.95 11.95 No change
Headline earnings per share 12.84 12.84 No change
(cents)
Net asset value per share 68.93 65.93 (4.35%)
(cents)
Net tangible asset value per 62.29 59.29 (4.82%)
share (cents)
Notes:
1. The "Before the capital distribution" column has been extracted from the
published unaudited condensed interim results for the nine months ended 30
June 2010.
2. The "After the capital distribution" column shows the effect of the capital
distribution on the published unaudited condensed interim results for the
nine months ended 30 June 2010.
The pro forma financial effects, which are the responsibility of the directors,
have been prepared for illustrative purposes only and, due to their nature, may
not fairly present TeleMasters` financial position, changes in equity, results
of operations or cash flows.
Shareholders are advised that the payment of the capital distribution is subject
to the Company`s designated advisor providing the JSE Limited with the necessary
report on the adequacy of the working capital of the Company in terms of the JSE
Listings Requirements prior to the payment being effected. The Designated
Advisor has provided this confirmation to the JSE Limited.
Shareholders` attention is drawn to the following important dates:
2010
Last day to trade "cum" the cash dividend and capital Friday, 15 October
distribution ("LDT"):
Date trading commences "ex" the cash dividend and Monday, 18 October
capital distribution:
Record date for payment of the cash dividend and capital Friday, 22 October
distribution:
Date of payment of the cash dividend and capital Monday, 25 October
distribution:
Share certificates may not be dematerialised or rematerialised between Monday,
18 October 2010 and Friday, 22 October 2010 both dates inclusive. Any changes
in the above dates will be announced on SENS.
For and on behalf of the Board:
30 September 2010
MB Pretorius
Chief Executive Officer
N Owen
Chief Financial Officer
Corporate information
Directors: DS van Der Merwe*, MB Pretorius, IG Bekker, N Owen, BR Topham*, J
Voigt* VI Beck*(* non-executive)
Company secretary: Brandon Topham Inc.
Registered address: Equity Estate Building 2, Masters House, Charles de Gaulle
Crescent, Highveld Park Ext 9, Centurion, (P.O. Box 2887, Montana Park, 0159)
Auditors: BDO, Block C, Riverwalk Office Park, 41 Matroosberg Avenue, Ashlea
Gardens, Pretoria
Transfer secretaries: Computershare Investor Services Limited, 70 Marshall
Street, Johannesburg, 2001 (P.O. Box 61051, Marshalltown, 2107)
Website: www.telemasters.co.za
Designated Advisor:
Arcay Moela Sponsors (Proprietary) Limited
Date: 01/10/2010 07:29:01 Produced by the JSE SENS Department.
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