| Thu 7 Jun 2012, 17:40 | | GDN - Gooderson Leisure Corporation Limited - Update on dividend declaration |
|
GDN
GDN
GDN - Gooderson Leisure Corporation Limited - Update on dividend declaration
Gooderson Leisure Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1972/004241/06)
JSE Share code: GDN ISIN: ZAE000084984
("Gooderson" or the "Company")
UPDATE ON DIVIDEND DECLARATION
The condensed consolidated reviewed annual results for the year ended 29
February 2012 which were released on SENS on 24 May 2012 contained a dividend
declaration which has been updated. The company is releasing this update as
shareholders were incorrectly advised as to the STC credit amount, which
resulted in an incorrect net local dividend amount of 1.36024 cents per share
being stated. The company has subsequently sought further professional advice
on this matter which has resulted in the updated declaration.
Notwithstanding the amendment of the net local dividend, the gross dividend of
1.60 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 1.60 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 Secondary Tax on
Companies (STC) credits on which the relevant tax was paid at the time and
utilized as part of this declaration amount to R2 000 000.
The number of ordinary shares in issue at the date of this declaration is 125
000 000 and consequently the STC credits utilized amount to 1.60 cents per
share. The gross dividend is therefore not subject to local dividends tax.
The resultant net dividend amount is therefore 1.60 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. The company`s tax reference number is 9005053203.
In compliance with the requirements of Strate, the electronic and custody
system used by the JSE, the following dates are applicable:
2012
Last day to trade shares cum div Friday 15 June
Shares trade ex dividend Monday 18 June
Record date Friday 22 June
Payment date Monday 25 June
No share certificates may be dematerialised or rematerialised between Monday,
18 June 2012 and Friday, 22 June 2012, both dates inclusive.
On Monday, 25 June 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 25 June 2012 will be posted on that date. Dematerialised
shareholders` accounts with their CSDP or broker will be credited on Monday,
25 June 2012.
7 June 2012
Durban
Designated adviser
Exchange Sponsors
Date: 07/06/2012 17:40:01 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.
