Go Back Email this Link to a friend

Wescoal Holdings Limited - Dividend Finalisation Announcement

Release Date: 09/09/2016 12:09:00      Code(s): WSL     
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(?Wescoal? or "the Company")

Dividend finalisation announcement

Shareholders are referred to Wescoal?s reviewed results for the year ended 31 March 2016,
released on SENS on 2 June 2016, wherein the directors declared the distribution of a dividend
of R10 million for the period to 31 March 2016.

The directors are now in a position to confirm the declaration of a gross final dividend of
4.20993 cents per ordinary share for the year ended 31 March 2016 (2015: Nil). The dividend
has been declared from income reserves.

In terms of dividend tax, the following additional information is disclosed:

-   the dividend is subject to dividend tax of 15%; and
-   the net dividend will therefore be 3.57844 cents per share for shareholders who are not
    exempt from dividend tax.

The amount of shares in issue at the date of this declaration is 237 533 578 (224 759 578
exclusive of treasury shares) and the Company's tax reference number is 9876593147.

In order to comply with the requirements of Strate, the relevant dates are as follows:

 Last date to trade (cum dividend)                        Tuesday, 20 September 2016
 Shares to commence trading (ex-dividend)                 Wednesday, 21 September 2016
 Record date                                              Friday, 23 September 2016
 Payment date                                             Monday, 26 September 2016

No share certificates may be dematerialised or rematerialised between Wednesday, 21
September 2016 and Friday, 23 September 2016, both dates inclusive.

9 September 2016

Nedbank Corporate and Investment Banking

Date: 09/09/2016 12:09:00 Supplied by www.sharenet.co.za                     
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.

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.