| Wed 11 Jul 2012, 17:05 | | Omnia Holdings Ltd - AMENDMENT TO DIVIDEND DECLARED ON 21 JUNE 2012 |
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OMN
AMENDMENT TO DIVIDEND DECLARED ON 21 JUNE 2012
OMNIA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1967/003680/06
JSE code OMN
ISIN ZAE000005153
(Omnia or the Group)
www.omnia.co.za
AMENDMENT TO DIVIDEND DECLARED ON 21 JUNE 2012
On 21 June 2012, the Board declared a final gross cash dividend of 180
cents per ordinary share payable out of income in respect of the year
ended 31 March 2012 and advised that the total STC credits utilised as
part of this declaration amounted to R121 million and as a consequence
the STC credits utilised amount to 180 cents per share. The gross
dividend was therefore not subject to local dividends tax. The STC
Credits were calculated based on legislation prevailing on 21 June
2012.
On 5 July 2012, Treasury issued the draft Taxation Laws Amendment Bill
to be promulgated in September 2012. One of the matters covered by
this Bill will be to amend retrospectively to 1 April 2012, the rules
applying to the calculation of Transitional STC Credits which will
affect the availability of STC Credits that Omnia has to apply against
dividend payments. Accordingly, the company deems it prudent and
necessary to amend the notice of declaration of dividend issued on 21
June 2012.
Shareholders are hereby advised that in relation to the final gross
cash dividend of 180 cents per ordinary share declared on 21 June 2012
payable out of income in respect of the year ended 31 March 2012, the
total STC credits utilised as part of that declaration amounts to Nil.
The number of ordinary shares in issue at the date of the declaration
is 67 249 825 and consequently the STC credits utilised amount to NIL
cents per share. The gross dividend is therefore subject to local
dividends tax of 15% and therefore the net dividend amount will be 153
cents per share. The companys tax reference number is 9400087715.
To accommodate the amendment and in terms of the JSE Limited Listings
Requirements, the salient dates for the final dividend have been
amended as follows:
Last day to trade cum dividend Friday, 20 July 2012
Shares trade ex-dividend Monday, 23 July 2012
Record date Friday, 27 July 2012
Payment date Monday, 30 July 2012
Share certificates may not be dematerialised or materialised between
Monday, 23 July 2012 and Friday, 27 July 2012, both dates inclusive.
Bryanston
11 July 2012
Sponsor
One Capital
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