ZED - Zeder Investments Limited - Declaration of dividend of 4 cents per
ZED
ZED
ZED - Zeder Investments Limited - Declaration of dividend of 4 cents per
ordinary share in respect of the financial year ended 29 February 2012
Zeder Investments Limited
Incorporated in the Republic of South Africa
Registration number: 2006/019240/06
JSE share code: ZED
ISIN number: ZAE000088431
("Zeder" or "the company")
DECLARATION OF DIVIDEND OF 4 CENTS PER ORDINARY SHARE ("FINAL DIVIDEND") IN
RESPECT OF THE FINANCIAL YEAR ENDED 29 FEBRUARY 2012
Zeder`s policy remains to pay up to 100% of free cash flow as a final
ordinary dividend. The directors have consequently resolved to declare a
final dividend of 4 cents (2011: 4 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 R39 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 amount of the final dividend compared to that of the prior year should
not be construed as being indicative of the consolidated attributable and
headline earnings of Zeder for the financial year ended 29 February 2012.
Only once a reasonable degree of certainty exists regarding the consolidated
attributable and headline earnings of Zeder 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 10 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
8 March 2012
Sponsor:
PSG Capital
Date: 08/03/2012 15:18:01 Produced by the JSE SENS Department.
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