Insure - Dividend Declaration And Change In Divide
Insure - DIVIDEND DECLARATION AND CHANGE IN DIVIDEND POLICY
INSURANCE OUTSOURCING MANAGERS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013121/06)
("Insure" or "the company")
Share code: INS ISIN: ZAE000033221
DIVIDEND DECLARATION AND CHANGE IN DIVIDEND POLICY
The board of directors are pleased to announce that a final dividend of 0,50
cent per share has been declared payable to shareholders on Monday, 07 April
2003. The last day to trade "Cum" dividend will be Friday, 28 March 2003. "Ex"
dividend trade will commence on Monday, 31 March 2003 and the record date will
be Friday, 04 April 2003.
The estimated consolidated profits before taxation of Insure for the 11 months
ended 31 January 2003 is approximately R1,4 million. Declared dividends for the
full year amount to 0,5 cent per share (2002 - Nil), giving a dividend cover of
approximately 3 times.
Share certificates may not be dematerialised or rematerialised from Monday, 31
March 2003 to Friday, 04 April 2003, both days inclusive.
The declaration of a dividend represents a change in dividend policy and it is
the intention of the company to declare interim and final dividends for the
foreseeable future.
The auditors of the company have reviewed the above announcement and have
confirmed that the profit estimate contained in the announcement is in line with
the profit as contained in the income statement of the company for the 11 months
ended 31 January 2003.
By order of the board
Johannesburg
07 March 2003
Arcay Group Limited
Sponsor
Date: 07/03/2003 04:36:23 PM Supplied by www.sharenet.co.za
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