UNIVERSAL PARTNERS LIMITED - Dividend finalisation announcement and issue of additional new shares

Dividend finalisation announcement and issue of additional new shares

UNIVERSAL PARTNERS LIMITED 
(Incorporated in the Republic of Mauritius) 
(Registration number: 138035 C1/GBL) 
SEM share code: UPL.N0000 
JSE share code: UPL     
ISIN: MU0526N00007 
("Universal Partners" or "the Company") 


DIVIDEND FINALISATION ANNOUNCEMENT AND ISSUE OF ADDITIONAL NEW SHARES 

 
I.       Finalisation announcement in respect of the cash dividend  
 
Universal Partners shareholders are referred to the cash dividend announcement released on the Stock Exchange 
News Service of the JSE Limited ("JSE") ("SENS") and the website of the Stock Exchange of Mauritius Ltd ("SEM") on 
Tuesday, 16 May 2023, regarding the declaration of a cash dividend of 10 GBP pence per share. 
 
Shareholders holding shares traded on the JSE will receive their cash dividend in South African Rand ("ZAR") converted 
from Pound Sterling ("GBP") at an exchange rate of GBP 1.00 : ZAR 24.0495, being the rate at which Universal Partners 
has fixed to convert from GBP to ZAR on 17 May 2023. Accordingly, the cash dividend of 10 GBP pence per share will 
be 240.495 ZAR cents per share. Shareholders holding shares traded on the SEM will receive their cash dividend in 
Pounds Sterling. 
 
Dividend tax (and therefore the information provided in this paragraph) is only of direct application to shareholders 
holding shares traded on the JSE. The gross local dividend amount is 240.495 ZAR cents per share for shareholders 
exempt from paying dividends tax. The net local dividend amount is 192.396 ZAR cents per share for shareholders 
liable to pay the dividend tax rate of 20%.   
 
The cash dividend will be paid from Mauritius and there is no withholding tax payable in Mauritius. However, the 
dividend may have tax implications for shareholders holding Universal Partners shares on the Mauritian register.  The 
relevant shareholders are advised to consult their professional advisors regarding the tax consequences, in any, of the 
dividend, should they be in doubt. 
 
The salient dates and times announced on Tuesday, 16 May 2023 in the cash dividend announcement remain 
unchanged. 
 
II.      Issue of additional new shares 
 
Shareholders are also hereby advised that the Listing Executive Committee of the SEM has on 22 May 2023, approved 
the issue and listing of 108,036 additional ordinary shares of the Company on the Official Market of the SEM, by way 
of consideration issue for the part settlement of the carry fee owed to Argo Investments Managers ("Argo") in relation 
to the disposal of the Company's investment in YASA Limited (representing the second payment tranche) (the "new 
shares").  
 
Following the issue of the new shares to Argo, Universal Partners will have a total of 72,894,199 shares in issue. The 
new shares are expected to list and trade on the Official Market of the SEM as from Thursday, 25 May 2023.  
 
As required by the SEM Listing Rules, the Information Note relating to the issue of the new shares, will be made 
available for inspection for at least 10 business days, during normal office hours (from 9 a.m. to 5 p.m. Mauritian time) 
at the registered office of the Company at c/o Intercontinental Trust Ltd, Level 3, Alexander House, 35 Cybercity, Ebene 
72201, Republic of Mauritius, as from 23 May 2023. The Information Note will also be available on the Company's 
website: http://www.universalpartners.mu/.  
 
This announcement is not an invitation to the public to subscribe for shares in the Company and is provided for 
information purposes only. 
 
Universal Partners holds a primary listing on the Official Market of the SEM and a secondary listing on the Alternative 
Exchange of the JSE. 
 
By order of the Board 
 
23 May 2023 
 
For further information please contact: 


                                      SEM Authorised Representative
JSE sponsor                           and sponsor                               Company Secretary 
Java Capital                          Perigeum Capital                          Intercontinental Trust Ltd
Tel: +27 11 722 3050                  Tel: +230 402 0890                        Tel: +230 403 0800 

This notice is issued pursuant to SEM Listing Rule 11.3 and the JSE Listings Requirements. The Board of Universal Partners accepts 
full responsibility for the accuracy of the information contained in this announcement. 

Date: 23-05-2023 08:00:00
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