| Fri 11 May 2012, 11:18 | | BEGP2 - Beige Holdings Limited - Payment of preference share cash dividend |
|
BEG BEGP2
BEG
BEGP2 - Beige Holdings Limited - Payment of preference share cash dividend
Beige Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No: 1997/006871/06)
Share code: BEGP2 ISIN code: ZAE000154787
("Beige" or "the company")
PAYMENT OF PREFERENCE SHARE CASH DIVIDEND
Shareholders are advised that the board is pleased to declare the first annual
preference cash dividend of 12.94 cents (gross) per preference share in
accordance with the terms of the preference shares. The preference share
dividend will be reflected in the results for the year ended 31 March 2012. The
preference cash dividend will be payable to shareholders recorded in the share
register of the Company at the close of business on Friday, 1 June 2012 and the
directors confirm that the company will satisfy the solvency and liquidity test
immediately after completing the distribution.
In terms of paragraph 11.17 of the JSE Listing Requirements, shareholders are
advised of the following:
The gross local cash dividend of 12.94 cents, less the Dividend Withholding Tax
rate at 15%, being 1.94 cents, will result in a net dividend of 11.00 cents per
share.
There are no Secondary Tax on Companies (STC) credits available for set off
against the Dividend Withholding Tax;
Shareholders exempt from paying the Dividends Withholding Tax will receive a
gross dividend of 12.94 cents per share.
The preference share cash dividend will be made from income reserves.
The issued preference share capital of Beige is 25 000 000 preference shares on
which the dividend is declared; and
Beige`s Income Tax reference number is 9191/287/84/7.
The salient dates relating to the preference share cash dividend are as follows:
2012
Last day to trade "cum" the cash Friday,25 May
dividend ("LDT"):
Date trading commences "ex" the Monday,28 May
cash dividend:
Record date for payment of the Friday, 01 June
cash dividend:
Date of payment of the cash Monday, 04 June
dividend:
Share certificates may not be dematerialised or rematerialised between Monday,
28 May 2012 and Friday, 01 June 2012 both dates inclusive.
Johannesburg
11 May 2012
Designated Advisor
Arcay Moela Sponsors (Pty) Ltd
Date: 11/05/2012 11:18:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
