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Cash dividend for the six months ended 31 March 2018
GREENBAY PROPERTIES LTD
(Incorporated in the Republic of Mauritius on 14 August 2014)
(Registration number C124756 C1/GBL)
SEM share code: GFP.N0000
JSE share code: GRP
ISIN: MU0461N00007
(“Greenbay” or “the Company”)
CASH DIVIDEND FOR THE SIX MONTHS ENDED 31 MARCH 2018
As per the intention stated in the announcement of 7 May 2018, shareholders are advised that the board of directors of Greenbay
(the “Board”) has declared an interim dividend of 0.2885 EUR cents per share for the six months ended 31 March 2018 (the
“interim dividend”).
As Greenbay shares are currently trading below net asset value per share, the Board has decided not to offer shareholders an election
to receive the interim dividend by way of an issue of new Greenbay shares. All shareholders on the register on the record date for
receipt of the interim dividend will therefore receive the interim dividend in cash.
The interim dividend will be payable to shareholders out of the Company’s distributable earnings.
SALIENT DATES AND TIMES
For shareholders on the South African share register
2018
Announcement of exchange rate released on SENS on or before Tuesday, 22 May
Last day to trade on the JSE in order to be eligible for the interim dividend Tuesday, 29 May
Shares commence trading ex-dividend on the JSE Wednesday, 30 May
Record date for shareholders recorded on the South African share register Friday, 1 June
Payment of interim dividend Monday, 4 June
Notes:
1. The above dates are subject to change. Any changes will be released on SENS.
2. Transfers of shares between sub-registers in South Africa and Mauritius may not take place between Tuesday, 22 May 2018
and Friday, 1 June 2018, both days inclusive. No dematerialisation or rematerialisation of share certificates may take place
between Wednesday, 30 May 2018 and Friday, 1 June 2018, both days inclusive.
3. Shareholders on the South African share register will receive the interim dividend in South African Rand, based on the
exchange rate to be announced by the Company on or before Tuesday, 22 May 2018.
For shareholders on the Mauritian share register
2018
Announcement of exchange rate released on the SEM website on or before Tuesday, 22 May
Last day to trade on the SEM in order to be eligible for the interim dividend Tuesday, 29 May
Shares commence trading ex-dividend on the SEM Wednesday, 30 May
Record date for shareholders recorded on the Mauritian share register Friday, 1 June
Payment of interim dividend Monday, 4 June
Notes:
1. The above dates are subject to change. Any changes will be released on the SEM website.
2. Transfers of shares between sub-registers in South Africa and Mauritius may not take place between Tuesday, 22 May 2018
and Friday, 1 June 2018, both days inclusive. No dematerialisation or rematerialisation of share certificates may take place
between Wednesday, 30 May 2018 and Friday, 1 June 2018, both days inclusive.
3. Shareholders on the Mauritian share register will receive the interim dividend in Euro.
TAX IMPLICATIONS
The receipt of the interim dividend in cash may have tax implications for shareholders.
For those South African resident shareholders receiving the interim dividend, such amount will be regarded as a foreign dividend
and may be subject to South African dividends withholding tax at a rate of 20%, unless an exemption as set out in the South African
tax legislation applies.
Shareholders are advised to consult their professional advisors regarding the tax consequences of the interim dividend or should
they be in any doubt as to the appropriate action to take.
There is no withholding tax payable in Mauritius.
As at the date of this announcement, Greenbay has 9 488 106 526 ordinary shares of no par value in issue.
By order of the Board
15 May 2018
The Company has a primary listing on the Official Market of the Stock Exchange of Mauritius Ltd and the Main Board of the JSE
Limited.
For further information please contact:
JSE sponsor
Java Capital
Tel: +27 11 722 3050
SEM authorised representative and sponsor
Perigeum Capital
Tel: +230 402 0890
Company Secretary
Intercontinental Trust Ltd
Tel: +230 403 0800
This notice is issued pursuant to JSE Listings Requirements, SEM Listing Rules 11.3 and Rule 5(1) of the Securities (Disclosure
Obligations of Reporting Issuers) Rules 2007. The Board of Directors of Greenbay Properties Ltd accepts full responsibility for the
accuracy of the information contained in this announcement.
Date: 15/05/2018 05:02:00 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.
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