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PSG
PSG
PSG - PSG Group Limited - Declaration of dividend of 56 cents per ordinary
share in respect of the financial year ended 29 February 2012
PSG Group Limited
Incorporated in the Republic of South Africa
Registration number: 1970/008484/06
JSE share code: PSG
ISIN number: ZAE000013017
("PSG Group" or "the company")
DECLARATION OF DIVIDEND OF 56 CENTS PER ORDINARY SHARE ("FINAL DIVIDEND") IN
RESPECT OF THE FINANCIAL YEAR ENDED 29 FEBRUARY 2012
PSG Group`s policy remains to pay up to 100% of free cash flow as an ordinary
dividend. The directors have consequently resolved to declare a final
dividend of 56 cents (2011: 47 cents) per share for a total dividend of 82
cents (2011: 67 cents) per share in respect of the financial year ended 29
February 2012.
The final dividend has been determined based on the Company`s estimated free
cash flow of R151 million as per the unaudited management accounts of the
company for the financial year ended 29 February 2012, and has not been
reviewed or reported on by the auditors of the company.
The increase in the total dividend compared to that of the corresponding
period in the prior year should not be construed as being indicative of the
consolidated attributable and headline earnings of the PSG Group for the
financial year ended 29 February 2012.
Only once a reasonable degree of certainty exists regarding the consolidated
attributable and headline earnings of the PSG Group for the financial year
ended 29 February 2012, will consideration be given to whether a trading
statement needs to be published or not. The results for the financial year
ended 29 February 2012 are expected to be released on or about 16 April 2012.
The following are the salient dates for the payment of the final dividend:
Last day to trade cum-dividend Friday, 23 March 2012
Trading ex-dividend commences Monday, 26 March 2012
Record date Friday, 30 March 2012
Payment date Monday, 2 April 2012
Share certificates may not be dematerialised or rematerialised between
Monday, 26 March 2012 and Friday, 30 March 2012, both days included.
Stellenbosch
2 March 2012
Sponsor - PSG Capital
Date: 02/03/2012 16:53:01 Produced by the JSE SENS Department.
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