| Mon 13 Jul 2020, 11:18 | | STOR-AGE PROPERTY REIT LIMITED - Results of the Dividend Reinvestment Programme |
|
Results of the Dividend Reinvestment Programme
Stor-Age Property REIT Limited
Incorporated in the Republic of South Africa
Registration number 2015/168454/06
Share code: SSS ISIN ZAE000208963
Approved as a REIT by the JSE
(“Stor-Age” or the “Company”)
RESULTS OF THE DIVIDEND REINVESTMENT PROGRAMME
Shareholders are referred to the Company’s financial results announcement for the year ended 31 March 2020
released on SENS on 22 June 2020, which contained information relating to the declaration of a gross final
cash dividend of 57.16 cents (“Cash Dividend”) per Stor-Age ordinary share of no par value (“Share”) for the
twelve months ended 31 March 2020 and the finalisation announcement released on SENS on 3 July 2020
disclosing the re-investment price of R13.15 per new Stor-Age ordinary share of no par value (“New Share”)
in terms of the dividend re-investment programme (“DRIP”).
Shareholders, holding 97 192 426 Shares or 23.19% of Stor-Age’s issued share capital as at Friday, 10 July
2020, and who qualified to receive the Cash Dividend, elected to reinvest their dividend for Shares in terms of
the DRIP (“the Share Alternative”), resulting in the issue of 4 199 568 New Shares and the retention of
R55 233 847.19 of new equity for Stor-Age (based on the re-investment price of R13.15 per Share).
Accordingly, a total Cash Dividend of R182 538 597.17 is payable today in respect of 319 346 741 Shares.
New Shares issued in terms of the Share Alternative will rank pari passu in all respects with the Company’s
existing Shares and an application will be made to the JSE to adjust the listing of the issued Shares.
Settlement of the Cash Dividend:
- where applicable, electronic transfers will be paid into the bank accounts of certificated shareholders or
dividend cheques will be posted to certificated shareholders today;
- the CSDP or Broker accounts of dematerialised shareholders will be credited today.
Settlement of the Share Alternative:
- share certificates in respect of certificated shareholders who elected the Share Alternative will be posted
to such shareholders, at their risk, by registered post on Wednesday, 15 July 2020;
- the CSDP or broker accounts of dematerialised shareholders who elected the Share Alternative will be
credited with their New Shares and residual cash payments in respect of any fractional entitlements on
Wednesday, 15 July 2020.
Cape Town
13 July 2020
Sponsor
Investec Bank Limited
SSS2 DRIP 20200713 Results
Date: 13-07-2020 11:18:00
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.
