VMK - Verimark Holdings Limited - Declaration of dividend

VMK - Verimark Holdings Limited - Declaration of dividend                       
Verimark Holdings Limited                                                       
Incorporated in the Republic of South Africa                                    
Registration number: 1998/006957/06                                             
JSE share code: VMK                                                             
ISIN number: ZAE000068011                                                       
("Verimark" or "the company")                                                   
DECLARATION OF DIVIDEND OF 13,5 CENTS PER ORDINARY SHARE ("DIVIDEND") IN RESPECT
OF THE FINANCIAL YEAR ENDED 29 FEBRUARY 2012                                    
Verimark`s policy is to pay up to 50% of attributable earnings as an ordinary   
dividend.                                                                       
The board of Verimark is pleased to announce that they have declared a final    
dividend in the amount of 13,5 cents per ordinary share (2011:15 cents) in      
respect of the financial year ended 29 February 2012 ("2012 financial year").   
The dividend has been determined based on an estimated consolidated profit      
before taxation of R42,3 million as per the unaudited consolidated management   
accounts of the company for the 2012 financial year, which have not been        
reviewed or reported on by the auditors of the company.                         
The earnings of the company have not been finalised and are subject to the      
conclusion of the year-end audit.                                               
The results for the financial year ended 29 February 2012 are expected to be    
released on or about 28 May 2012.                                               
The following are the salient dates for the payment of the final dividend:      
Last day to trade cum-dividend          Friday, 8 June 2012                     
Trading ex-dividend commences           Monday, 11 June 2012                    
Record date                             Friday, 15 June 2012                    
Payment date                            Monday, 18 June 2012                    
Share certificates may not be dematerialised or rematerialised between Monday,  
11 June 2012 and Friday, 15 June 2012, both days included.                      
With effect from 1 April 2012, Secondary Tax on Companies (STC) will be replaced
with a dividend tax.                                                            
Although the dividend for the period under review is payable after 1 April 2012 
it does not fall into the dividend tax regime due to the fact that it was       
declared prior to this date.                                                    
Johannesburg                                                                    
30 March 2012                                                                   
Sponsor                                                                         
Grindrod Bank Limited                                                           
Date: 30/03/2012 14:37:02 Supplied by www.sharenet.co.za                     
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