RAC - RACEC Group Limited - Declaration of Dividend
RAC
RAC
RAC - RACEC Group Limited - Declaration of Dividend
RACEC Group Limited
Incorporated in the Republic of South Africa
(Registration Number 1998/006153/06)
Share code: RAC ISIN: ZAE000105409
("RACEC" or "the Company")
DECLARATION OF DIVIDEND
The board of directors of RACEC ("the board") have resolved to declare a final
dividend of 2.5 cents per share for the year ended 30 September 2010, in
accordance with the Company`s policy to declare a third of profits after tax as
dividends.
At a previous board meeting, the board thought it conservative to defer a
dividend declaration until there was more certainty regarding the cash flows.
Following a subsequent board meeting held in March 2011, the board has assessed
the cash flows and decided to declare a dividend.
The dividend will be funded from the profits of the Company.
The dividend will be payable to shareholders recorded in the share register of
the Company at the close of business on the record date appearing below. The
salient dates applicable to the dividend are as follows:
Last day to trade cum dividend Friday, 25 March 2011
Shares trade ex dividend Monday, 28 March 2011
Record date Friday, 1 April 2011
Payment date Monday, 4 April 2011
Share certificates may not be dematerialised or rematerialised between Monday,
28 March 2011 and Friday, 1 April 2011, both dates inclusive.
Cape Town
10 March 2011
Designated Adviser
Merchantec Capital
Date: 10/03/2011 16:21:00 Produced by the JSE SENS Department.
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