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ATLAS PROPERTIES LIMITED - DECLARATION OF DIVIDEND AND INTEREST ON DEBENTURES
ATLAS PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Reg. No. 1988/000742/06)
Share code: ATS
ISIN Code: ZAE000008975
("Atlas")
DECLARATION OF DIVIDEND AND INTEREST ON DEBENTURES
FOR THE YEAR ENDED 30 SEPTEMBER 2003
Declaration of final dividend and interest on debentures
Notice is hereby given that a final distribution of 54,076 cents (2002 - 51,410
cents), comprising interest of 54,029 cents (2002 - 50,954 cents) per debenture
and a dividend of 0,047 cents (2002 - 0,456 cents) per share has been declared
in respect of the year ended 30 September 2003. The last date to trade cum
interest and dividend will be Wednesday, 17 December 2003 and the linked units
will commence trading ex interest and dividend from Thursday, 18 December 2003.
The record date will be Wednesday,24 December 2003 and payment will be made on
Monday, 29 December 2003. Linked units may not be dematerialised or
rematerialised between Thursday, 18 December 2003 and Wednesday, 24 December
2003, both dates inclusive.
Audited Audited
September September
2003 2002
Distribution
R"000 R"000
Net income distributed to unitholders 59 628 56 580
Debenture interest 59 374 56 076
Dividend 254 504
Linked units in issue 63 784 922 63 618 676
cents cents
Total distribution per linked unit 93,482 88,935
Debenture interest 93,084 88,144
Dividend 0,398 0,791
Made up as follows:
Interim distribution per linked unit
paid on 30 June 2003 39,406 37,525
Debenture interest 39,055 37,190
Dividend 0,351 0,335
Final distribution per linked unit to be paid on
29 December 2003 54,076 51,410
Debenture interest 54,029 50,954
Dividend 0,047 0,456
Net tangible asset value per linked unit 804 721
In terms of the requirements of the
JSE Securities Exchange South Africa,
the following additional information is provided:
R"000 R"000
Consolidated profit before taxation 61 185 40 427
Comments
The distribution for the year at 93,482 (2002 - 88,935) cents per unit is 5,1%
higher than the previous year. This is in line with the consistent growth
pattern achieved over the past nine years since the current management team has
been in place.
Atlas and its unitholders benefit from having an internal wholly-owned
management structure, thereby eliminating conflict of interests, and also by
virtue of a share incentive scheme whereby its employees participate in the
growth of the company.
Building vacancies were 10,2% (2002 - 10,1%) of rentable area, or 4,9% (2002 -
7,1%) of gross rental income.
Barring unforeseen circumstances, Atlas should continue to provide increased
earnings to unitholders for the forthcoming year.
Full details of the final results will be available in the Annual Report to be
posted to unitholders on or before 24 December 2003.
By order of the Board
Atlas Management Services (Pty) Ltd
Cape Town
Secretaries
25 November 2003
Registered address:
121 Roodebloem Road
Woodstock, 7925
Transfer Secretaries:
Computershare Limited
70 Marshall Street
Johannesburg, 2001
Date: 25/11/2003 04:06:04 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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