SMSP - Stimulus Investments Limited - Dividend declaration/cautionary
announcement
Stimulus Investments Limited
(Incorporated in the Republic of Namibia)
(Registration number 2004/482)
("Stimulus")
NSX Share code: SMSP
ISIN: NA000A0DK7D9
Dividend Declaration/Cautionary Announcement
Preference shareholders are advised that the Board of Directors of the
Company have resolved to declare and pay a dividend to each of the
holders of the variable rate redeemable non-cumulative preference
shares in the issued share capital of the Company ("2004 Preference
Shares") in accordance with the terms and conditions attaching to the
2004 Preference Shares in the amount of N$ 37.719 per Preference Share.
The payment will be made in accordance with the current Listing
Requirements of the Namibian Stock Exchange with the last day to trade
cum dividend for preference shareholders being 14 October 2011,
security trading ex dividend 17 October 2011, record date being 21
October 2011 and the payment date being 31 October 2011.
The preference share dividend is subject to the approval of the
preference shareholders on 27 October 2011 to amend the definition of
"realised return", the successful issuance of a new round of preference
shares of a total subscription value of not less than N$155 000 000, on
or around 28 October 2011 as well all regulatory approvals and or
registrations required.
Assuming that the above approval is gained and capital raised, then,
upon payment of the dividend contemplated above, the existing 2004
Preference Shares be redeemed in accordance with clause 17.5.1 of the
terms and conditions attaching to the 2004 Preference Shares and as set
out in the Placing Document.
Due to the conditional nature of the dividend, preference shareholders
are advised to exercise caution when dealing in the company`s
preference shares until 31 October 2011.
Windhoek
05 October 2011
Sponsor
IJG Securities (Pty) Ltd
NSX Sponsor
Date: 06/10/2011 09:42:31 Produced by the JSE SENS Department.
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