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Dividend/distribution finalisation announcement for the six months ended 30 June 2023
LIGHTHOUSE PROPERTIES p.l.c.
(Registered in Malta)
(Registration number: C 100848)
Share code: LTE
ISIN: MU0461N00015
LEI: 549300UG27SWRF0X2U62
("Lighthouse" or the "Company")
DIVIDEND/DISTRIBUTION FINALISATION ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2023
Lighthouse shareholders are referred to the dividend declaration announcement released on Tuesday,
15 August 2023 and the circular ("Circular") distributed to shareholders in respect of a cash dividend of 1,35
EUR cents per share ("Cash Dividend"), with an alternative scrip distribution option of 1,35 EUR cents per
share ("Scrip Distribution").
Shareholders are advised as follows:
1. The Scrip Distribution reference price is 539,55346 ZAR cents per share ("Scrip Distribution
Reference Price"), being a 3% discount to the closing spot price of Lighthouse shares traded on the
JSE at 21 August 2023, less the amount of the Cash Dividend, converted from EUR at an exchange rate
of ZAR 20,66410:EUR 1,00 (determined as the closing foreign exchange rate on Monday,
21 August 2023).
2. Shareholders on the South African register who receive the Cash Dividend will receive their Cash
Dividend in South African Rands, converted from Euro at an exchange rate of ZAR 20,66410:EUR 1,00.
3. Accordingly, the gross Cash Dividend of 1,35 EUR cents per share will be equal to 27,89654 ZAR cents
per share for shareholders on the South African register who are exempt from paying South African
dividends tax.
4. The net Cash Dividend amount is 22,31723 ZAR cents per share for South African shareholders liable
for South African dividends tax at a rate of 20%.
5. Shareholders electing to receive the Scrip Distribution will be entitled to 5,17030 new Lighthouse shares
for every 100 Lighthouse shares held on the record date, being Friday, 1 September 2023, representing
the ratio that the Scrip Distribution bears to the Scrip Distribution Reference Price.
Shareholders are referred to the tax implications as set out in the Circular and the dividend/distribution
declaration announcement released on Tuesday, 15 August 2023.
The salient dates and times announced on Tuesday, 15 August 2023 remain unchanged.
As at the date of this announcement, Lighthouse has 1 778 496 596 ordinary shares in issue. If all shareholders
receive the Cash Dividend, the total value of the distribution will amount to EUR 24 009 704.
Should all shareholders elect to receive the Scrip Distribution, a maximum number of 91 953 609 new
Lighthouse shares would be issued.
The allocation of new Lighthouse shares will be such that shareholders receiving the Scrip Distribution will not
be allocated a fraction of a new Lighthouse share.
Any entitlement to receive a fraction of a new Lighthouse share will be rounded down to the nearest whole
number and the value of the fraction (less any applicable dividends tax) will be paid to shareholders, to be
announced on Thursday, 31 August 2023.
22 August 2023
JSE sponsor and corporate advisor Company Secretary
Java Capital Stonehage Fleming Malta Limited is a member of the
Tel: +27 11 722 3050 Stonehage Fleming Group of Companies
Tel: +356 2144 6377
Date: 22-08-2023 11:20:00
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