| Mon 4 Jun 2012, 13:00 | | TAS - Taste Holdings Limited - Update on Dividend Declaration |
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TAS
TAS
TAS - Taste Holdings Limited - Update on Dividend Declaration
TASTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/002239/06)
JSE code: TAS
ISIN: ZAE000081162)
("the company")
UPDATE ON DIVIDEND DECLARATION
The reviewed provisional condensed financial results for the year ended 29
February 2012 which were released on SENS on 23 May 2012 and published in the
press on 24 May 2012 contained a dividend declaration which has been updated.
The company is releasing this update as it was incorrectly advised as to the
utilisation of the STC credits. The gross dividend amount was therefore
incorrectly stated. The company has subsequently sought further professional
advice on this matter which has resulted in the updated declaration.
Notwithstanding the amendment of the gross dividend, the net dividend of 4.0
cents per share to shareholders remains unchanged. The dividend declaration has
been updated as follows:
Notice is hereby given that a final gross cash dividend of 4.0 cents per
ordinary share, payable out of income in respect of the year ended 29 February
2012, has been declared by the directors. The total STC credits on which the
relevant tax was paid at the time and utilised as part of this declaration
amount to R7 835 251.64. The number of ordinary shares in issue at the date of
this declaration is 195 881 291 and consequently the STC credits utilised amount
to 4.0 cents per share. The gross dividend is therefore not subject to local
dividends tax. The resultant net dividend amount is 4.0 cents per share.
There are no further STC credits to carry forward and therefore the local
dividend tax rate of 15% will apply to non-exempt shareholders on any future
dividends paid by the company. This net dividend represents an increase of 33%
over the maiden dividend declared last year. The company`s tax reference number
is 9493089149P.
In compliance with the requirements of Strate, the electronic and custody system
used by the JSE, the following dates are applicable:
Last day to trade cum-dividend Friday, 29 June 2012
Shares commence trading ex- Monday, 2 July 2012
dividend
Record date Friday Friday, 6 July 2012
Payment of dividend Monday, 9 July 2012
Share certificates may not be dematerialised or rematerialised between Monday, 2
July 2012 and Friday, 6 July 2012, both dates inclusive.
On Monday, 9 July 2012 the cash dividend will be electronically transferred to
the bank accounts of all certificated shareholders where this facility is
available. Where electronic fund transfer is not available or desired, cheques
dated 9 July 2012 will be posted on that date. Dematerialised shareholders`
accounts with their CSDP or broker will be credited on Monday, 9 July 2012
JOHANNESBURG
4 JUNE 2012
SPONSOR
VUNANI CORPORATE FINANCE
Date: 04/06/2012 13:00:02 Produced by the JSE SENS Department.
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