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HWN - Howden - Declaration of a final and a special dividend

Release Date: 30/05/2012 12:00
Code(s): HWN
Wrap Text

HWN - Howden - Declaration of a final and a special dividend Howden Africa Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1996/002982/06) Share code: HWN ISIN: ZAE000010583 ("HAHL") DECLARATION OF A FINAL AND A SPECIAL DIVIDEND Notice is hereby given that the directors have declared: 1 A gross final dividend for the year ending December 2011 of 29 cents per share; and 2 A gross special dividend of 146 cents per share. The following dates are applicable: Last day to trade Friday, 29 June 2012 Shares commence trading "ex" dividend Monday, 2 July 2012 Record date Friday, 6 July 2012 Payment date Monday, 9 July 2012 Share certificates may not be dematerialised or rematerialised between Monday, 2 July 2012 and Friday, 6 July 2012, both days inclusive. In terms of the new Dividend Tax effective 1 April 2012, the following additional information is disclosed: a) local dividend tax rate is 15%; b) No STC credits available for utilisation; c) In respect of the final dividend the net local dividend amount is: i 24.65 cents per share for shareholders liable to pay the new Dividends Tax ii 29 cents per share for shareholders exempt from paying the new Dividends Tax; d) In respect of the special dividend the net local dividend amount is i 124.1 cents per share for shareholders liable to pay the new Dividends Tax ii 146 cents per share for shareholders exempt from paying the new Dividends Tax; e) The payment will be rounded to two decimal places; f) The issued share capital of Howden is 65 729 109 ordinary shares; and g) The Howden tax reference number is 9624/001/71/6 Johannesburg 30 May 2012 Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 30/05/2012 12:00:04 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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