GPL - Grand Parade Investments Limited - Declaration of a special cash
GPL
GPL
GPL - Grand Parade Investments Limited - Declaration of a special cash
dividend
Grand Parade Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
("GPI" or "the Company")
DECLARATION OF A SPECIAL CASH DIVIDEND
Shareholders are referred to the circular issued by the Company dated 15
August 2011 and to its various SENS announcements (specifically the
announcement released on 2 December 2011) regarding the proposed transaction
to rearrange GPI`s and Sun International Limited`s common interests in
certain of their shared investments ("the Proposed Restructure").
Following the above, shareholders are hereby advised that the board of
directors of the Company has declared a special dividend of 60 cents per
share subject to the approval by the Financial Surveillance Department of
the South African Reserve Bank ("the Special Dividend"). As set out in the
aforementioned circular and announcements, the reason for the Special
Dividend is that the board believes that a significant portion of the cash
proceeds of the Proposed Restructure should be distributed to shareholders.
The Special Dividend should be treated by shareholders as an income payment.
The relevant dates for the Special Dividend are as follows:
Last day to trade Friday, 06 January 2012
Securities start trading Monday, 09 January 2012
"ex" dividend
Record date Friday, 13 January 2012
Payment date Monday, 16 January 2012
Share certificates may not de dematerialised or rematerialised between
Monday, 09 January 2012 and Friday, 13 January 2012, both dates included.
13 December 2011
Cape Town
Sponsor:
PSG Capital (Pty) Limited
Date: 13/12/2011 15:51:32 Produced by the JSE SENS Department.
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