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LONRHO - DIVIDEND ANNOUNCEMENT

Release Date: 11/02/1999 14:27
Code(s): LON
Wrap Text
LONRHO
PUBLIC LIMITED COMPANY
(INCORPORATED IN ENGLAND)
(REGISTERED IN THE REPUBLIC OF SOUTH AFRICA
UNDER REGISTRATION NUMBER 69/00015/10)
DIVIDEND ANNOUNCEMENT

THE BOARD HAS DECLARED A FINAL DIVIDEND OF 10.0 PENCE (1997 RESTATED: 12.0 PENCE PER SHARE). THE FINAL DIVIDEND WILL BE PAID ON 6 APRIL 1999 TO SHAREHOLDERS ON THE REGISTERS AT 5 FEBRUARY 1999.
AN INTERIM DIVIDEND OF 7.2 PENCE (1997 RESTATED: 9.0 PENCE) IS ALSO PAYABLE ON 6 APRIL 1999 TO SHAREHOLDERS ON THE REGISTERS AT 28 AUGUST 1998.
THE TOTAL DISTRIBUTION IS EXPECTED TO AMOUNT TO GBP27 MILLION (1997: GBP41 MILLION).
THE 1997 DIVIDEND PER SHARE HAS BEEN RESTATED TO REFLECT THE SHARE CONSOLIDATION IN APRIL 1998. NOTE:
AS A RESULT OF THE ABOLITION OF ADVANCE CORPORATION TAX, THE BOARD HAS SUSPENDED THE SCRIP DIVIDEND SCHEME AND WILL OFFER SHAREHOLDERS A DIVIDEND REINVESTMENT PLAN. DETAILS WILL BE SENT TO SHAREHOLDERS WITH THE REPORT AND ACCOUNTS. 4 GROSVENOR PLACE LONDON SW1X 7DL
ENGLAND 11 FEBRUARY 1999 LOCAL OFFICE: FIRST FLOOR 19 GIRTON ROAD PARKTOWN JOHANNESBURG 2193 (PO BOX 1146, JOHANNESBURG 2000) LOCAL TRANSFER SECRETARIES: MERCANTILE REGISTRARS LIMITED 10TH FLOOR, 11 DIAGONAL STREET JOHANNESBURG 2001 (PO BOX 1053, JOHANNESBURG 2000)

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