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ZED - Zeder Investments Limited - Declaration of dividend of 4 cents per

Release Date: 08/03/2012 15:18
Code(s): ZED
Wrap Text

ZED - Zeder Investments Limited - Declaration of dividend of 4 cents per ordinary share in respect of the financial year ended 29 February 2012 Zeder Investments Limited Incorporated in the Republic of South Africa Registration number: 2006/019240/06 JSE share code: ZED ISIN number: ZAE000088431 ("Zeder" or "the company") DECLARATION OF DIVIDEND OF 4 CENTS PER ORDINARY SHARE ("FINAL DIVIDEND") IN RESPECT OF THE FINANCIAL YEAR ENDED 29 FEBRUARY 2012 Zeder`s policy remains to pay up to 100% of free cash flow as a final ordinary dividend. The directors have consequently resolved to declare a final dividend of 4 cents (2011: 4 cents) per share in respect of the financial year ended 29 February 2012. The final dividend has been determined based on the Company`s estimated free cash flow of R39 million as per the unaudited management accounts of the company for the financial year ended 29 February 2012, and has not been reviewed or reported on by the auditors of the company. The amount of the final dividend compared to that of the prior year should not be construed as being indicative of the consolidated attributable and headline earnings of Zeder for the financial year ended 29 February 2012. Only once a reasonable degree of certainty exists regarding the consolidated attributable and headline earnings of Zeder for the financial year ended 29 February 2012, will consideration be given to whether a trading statement needs to be published or not. The results for the financial year ended 29 February 2012 are expected to be released on or about 10 April 2012. The following are the salient dates for the payment of the final dividend: Last day to trade cum-dividend Friday, 23 March 2012 Trading ex-dividend commences Monday, 26 March 2012 Record date Friday, 30 March 2012 Payment date Monday, 2 April 2012 Share certificates may not be dematerialised or rematerialised between Monday, 26 March 2012 and Friday, 30 March 2012, both days included. Stellenbosch 8 March 2012 Sponsor: PSG Capital Date: 08/03/2012 15:18:01 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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