| Fri 30 Mar 2012, 14:37 | | VMK - Verimark Holdings Limited - Declaration of dividend |
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VMK
VMK
VMK - Verimark Holdings Limited - Declaration of dividend
Verimark Holdings Limited
Incorporated in the Republic of South Africa
Registration number: 1998/006957/06
JSE share code: VMK
ISIN number: ZAE000068011
("Verimark" or "the company")
DECLARATION OF DIVIDEND OF 13,5 CENTS PER ORDINARY SHARE ("DIVIDEND") IN RESPECT
OF THE FINANCIAL YEAR ENDED 29 FEBRUARY 2012
Verimark`s policy is to pay up to 50% of attributable earnings as an ordinary
dividend.
The board of Verimark is pleased to announce that they have declared a final
dividend in the amount of 13,5 cents per ordinary share (2011:15 cents) in
respect of the financial year ended 29 February 2012 ("2012 financial year").
The dividend has been determined based on an estimated consolidated profit
before taxation of R42,3 million as per the unaudited consolidated management
accounts of the company for the 2012 financial year, which have not been
reviewed or reported on by the auditors of the company.
The earnings of the company have not been finalised and are subject to the
conclusion of the year-end audit.
The results for the financial year ended 29 February 2012 are expected to be
released on or about 28 May 2012.
The following are the salient dates for the payment of the final dividend:
Last day to trade cum-dividend Friday, 8 June 2012
Trading ex-dividend commences Monday, 11 June 2012
Record date Friday, 15 June 2012
Payment date Monday, 18 June 2012
Share certificates may not be dematerialised or rematerialised between Monday,
11 June 2012 and Friday, 15 June 2012, both days included.
With effect from 1 April 2012, Secondary Tax on Companies (STC) will be replaced
with a dividend tax.
Although the dividend for the period under review is payable after 1 April 2012
it does not fall into the dividend tax regime due to the fact that it was
declared prior to this date.
Johannesburg
30 March 2012
Sponsor
Grindrod Bank Limited
Date: 30/03/2012 14:37:02 Produced by the JSE SENS Department.
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