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TELEMASTERS HOLDINGS LIMITED - Dividend Declaration

Release Date: 11/12/2018 07:05
Code(s): TLM     PDF:  
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Dividend Declaration

TELEMASTERS HOLDINGS LIMITED
(Registration Number: 2006/015734/06)
JSE Code: TLM ISIN: ZAE000093324
(“Telemasters” or “the Company”)


DECLARATION OF ORDINARY DIVIDEND


Shareholders are reminded of the announcement made in the abridged condensed
unaudited consolidated results for the six-month period ended 31 December 2017 to the
effect that the board had decided to discontinue the practice of quarterly reporting and
only report every six months as is required by the rules of the Johannesburg Stock Exchange
but that, subject to cash flow and operating results, the practice of paying quarterly
dividends would continue.

Dividend Declaration
Notice is hereby given that an interim dividend of 1.50 cents per share has been declared in
respect of the six months ending 31 December 2018 and is payable to all shareholders
recorded in the share register of the Company at the close of business on Friday, 4 January
2019.

The dividend will be subject to the Dividends Tax that was introduced with effect from 1 April
2012. In accordance with the provisions of the Listings Requirements of the Johannesburg
Stock Exchange, the following additional information is disclosed:
- the dividend has been declared out of retained earnings;
- the local Dividends Tax rate is 20%;
- the gross local dividend is 1.50 cents per share for shareholders exempt from Dividends Tax;
- the net local dividend is 1.20 cents per share for shareholders liable for Dividends Tax;
- the Company has 42 000 000 ordinary shares in issue;
- the Company’s income tax reference number is: 9683978143.

The following dates are applicable to the dividend:

The last day to trade in order to be eligible for the dividend will be Monday,
31 December 2018. Shares will trade ex-dividend from Wednesday, 2 January 2019. The
record date will be Friday, 4 January 2019 and payment will be made on Monday, 7 January
2019.

Share certificates may not be dematerialised/ re-materialised between Wednesday, 2
January 2019 and Friday, 4 January 2019, both days inclusive.

Pretoria
10 December 2018

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 11/12/2018 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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