| Fri 8 Jun 2012, 10:00 | | CLR/CLRP - Clover Industries Limited - Declaration of preference share |
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CLR CLRP
CLR
CLR/CLRP - Clover Industries Limited - Declaration of preference share
dividend No. 34
CLOVER INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/030429/06)
Income tax number: 9657/002/71/4
JSE Ordinary share code: CLR ISIN: ZAE000152377
JSE Preference share code: CLRP ISIN: ZAE000152385
("Clover" or "the Company")
DECLARATION OF PREFERENCE SHARE DIVIDEND NO. 34
Notice is hereby given that, subject to the condition precedent set out below, a
gross preference dividend has been declared, at a rate of 99% of the average
prime rate, for the period ending 29 June 2012, payable in South African
currency, on 2 July 2012 and amounts to 6.44 cents per preference share.
The dividend has been declared from income reserves and no secondary tax on
companies` credits has been used.
A dividend withholding tax of 15% will be applicable to all shareholders who are
not exempt. The dividend net of dividend withholding tax thus amounts to 5.474
cents per preference share.
The issued share capital at the declaration date is 179 111 867 ordinary shares
and 89 442 022 preference shares.
The salient dates for the dividend will be as follows:
Finalisation date Friday, 15 June 2012
Last day to trade "cum" the preference share dividend Friday, 22 June 2012
Shares commence trading "ex" the preference share Monday, 25 June 2012
dividend
Record date on Friday, 29 June 2012
Payment date on Monday, 2 July 2012
Share certificates may not be dematerialised or rematerialised between 25 June
2012 and 29 June 2012, both days inclusive.
With reference to the general meetings of the Company, held yesterday, 7 June
2012, it was resolved, that the memorandum of incorporation ("MOI") of the
Company be amended to gross up the preference dividend rate, to 99% of the
average prime rate. It is expected that the special resolutions relating to the
above will be registered with the Companies and Intellectual Property Commission
("CIPC") on or before 15 June 2012. Accordingly, the above dividend declaration
is subject to this condition precedent. If the special resolution is not
registered by 15 June 2012, then the change to the MOI is considered not
effective and the old rate of 90% of the average prime rate would apply to the
dividend.
On the finalisation date, an announcement will be made confirming the status of
the registration of the special resolutions with CIPC and the final dividend
amount.
Johannesburg
8 June 2012
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 08/06/2012 10:00:02 Produced by the JSE SENS Department.
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