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LNF - London Finance & Investment Group p.l.c. - Dividend announcement

Release Date: 14/10/2011 12:30
Code(s): LNF
Wrap Text

LNF - London Finance & Investment Group p.l.c. - Dividend announcement for the year ended 30 June 2011 LONDON FINANCE & INVESTMENT GROUP P.L.C. (Incorporated in England - Registration No. 201151 (UK)) JSE Code: LNF ISIN: GB0002994001 ("the Company") DIVIDEND ANNOUNCEMENT FOR THE YEAR ENDED 30 JUNE 2011 Further to the Company`s preliminary announcement of results for the year ended 30 June 2011, released on 29 September 2011, the Board recommends a final dividend of 0.3p, making 0.6p per share for the year (2010 - 0.6p). Subject to member`s approval, which will be sought at the Annual General Meeting to be held on Wednesday, 23 November 2011, the dividend will be paid on 25 November 2011 to those members on the register at the close of business on 4 November 2011. Shareholders on the South African register will receive their dividend in South African rand converted from sterling at the closing rate of exchange on 13 October 2011. Salient dates for dividend Last day to trade (SA) Friday 28 October 2011 Shares trade ex dividend (SA) Monday 31 October 2011 Shares trade ex dividend (UK) Wednesday 2 November 2011 Record date (UK & SA) Friday 4 November 2011 Pay date Friday 25 November 2011 Currency conversion date Thursday 13 October 2011 Shareholders are hereby advised that the exchange rate to be used will be GBP 1 = ZAR12.4690. This has been calculated as the average of the bid/ask spread as at 16h00 (United Kingdom time) being close of business on 13 October 2011. Consequently the dividend of 0.30p will be equal to 3.7407 South African cents. No dematerialisation or rematerialisation of share certificates, nor transfer of shares between the registers in London and South Africa will take place between Monday, 31 October 2011 and Friday 4 November 2011, both dates inclusive. By Order of the Board City Group P.L.C. Secretaries London 14 October 2011 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 14/10/2011 12:30:01 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.

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