TELEMASTERS HOLDINGS LIMITED - Initial Trading Statement and Declaration of Ordinary Dividend

Initial Trading Statement and Declaration of Ordinary Dividend

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


INITIAL TRADING STATEMENT AND DECLARATION OF ORDINARY DIVIDEND


TRADING STATEMENT
In terms of the JSE Listings Requirements, companies are required to provide
guidance to the market when they are satisfied that a reasonable degree of
certainty exists that the financial results for the current reporting period will differ by
at least 20% from the results of the previous corresponding reporting period.

Shareholders are advised that a reasonable degree of certainty exists that the
earnings per share (“EPS”) and headline earnings per share (“HEPS”) of the Company
for the year ended 30 June 2019 will be at least 90% lower (less than 0.7 cents per
share (“cps”)) than the EPS of 7.38 cps and the HEPS of 7.36 cps for the year ended
30 June 2018.

A further trading statement will be issued as soon as there is a reasonable degree of
certainty as to the likely range within which the Company’s EPS and HEPS are
expected to decrease.

The financial information on which this trading statement is based has not been
reviewed or reported on by the Company’s auditors.

DIVIDEND DECLARATION
Notice is hereby given that a dividend of 1.50 cents per share has been declared in
respect of the year ended 30 June 2019 and is payable to all shareholders recorded
in the share register of the Company at the close of business on Thursday, 8 August
2019.

The dividend declaration is in line with the Company’s practice of returning cash to
shareholders through the payment of a quarterly dividend and the directors are
satisfied that the Company will satisfy the solvency and liquidity test immediately
after the dividend has been paid.

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, 5 August
2019. Shares will trade ex-dividend from Tuesday, 6 August 2019. The record date will
be Thursday, 8 August 2019 and payment will be made on Monday, 12 August 2019.

Share certificates may not be dematerialised/ re-materialised between Tuesday,
6 August 2019 and Thursday, 8 August 2019, both days inclusive.

Pretoria
26 July 2019

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 26/07/2019 04:55:00
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