| Wed 25 Apr 2012, 16:25 | | PBT - PBT Group Limited - Dividend Declaration for the 7 Months ended 31 March |
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PBT
PBT
PBT - PBT Group Limited - Dividend Declaration for the 7 Months ended 31 March
2012
PBT Group Limited
Incorporated in the Republic of South Africa
(Registration number: 1936/008278/06)
Share code: PBT ISIN: ZAE000149712
("PBT" or "the Company")
DIVIDEND DECLARATION FOR THE 7 MONTHS ENDED 31 MARCH 2012
The board is pleased to announce that a final gross dividend of 3,45 cents per
share for the financial year ended 31 March 2012, being a 7 month period, has
been declared (2011: 6,33 cents per share for the 12 months ended 31 August
2011).
Dividend Timetable
Declaration date Wednesday, 25 April 2012
Last date to trade Friday, 11 May 2012
Shares commence trade ex dividend Monday, 14 May 2012
Record date Friday, 18 May 2012
Payment date Monday, 21 May 2012
Share certificates may not be dematerialised or rematerialised between Monday,
14 May 2012 and Friday, 18 May 2012, both days inclusive.
The dividend has been declared after exercising careful consideration and
assessment of all factors that the board considers relevant to the declaration
of this dividend, including the current macro-economic and business outlook. PBT
has based the dividend on estimates utilising unaudited management accounts for
the 7 months ended 31 March 2012 with a current estimated profit before tax for
the period between R20 million and R22 million (2011: R35.5 million for the 12
months ended 31 August 2011), the board considered the dividend to be
appropriate.
The financial information on which this dividend declaration has been based has
not been reviewed or reported on by PBT`s auditors.
Additional information:
This is a dividend as defined in the Income Tax Act, 1962, and is payable from
income reserves. The South African dividend withholding tax ("DWT") rate is 15%,
the company will utilise credits in terms of secondary tax on companies ("STC").
The STC credits utilised as part of this declaration amount to R9 723 025, being
3,45 cents per share, and consequently no dividend withholding tax is payable by
shareholders who are normally not exempt from DWT. The net amount payable to
shareholders is 3,45 cents per share. There are 281 826 818 ordinary shares in
issue, the total dividend amount payable is R9 723 025.
PBT Group Limited`s tax reference number is 9725/148/71/3.
Johannesburg
Sponsor: Bridge Capital Advisors (Pty) Limited
25 April 2012
Date: 25/04/2012 16:25:13 Produced by the JSE SENS Department.
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