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SABVEST LIMITED - Declaration of special cash dividend

Release Date: 03/12/2013 15:58
Code(s): SBV SVN     PDF:  
Wrap Text
Declaration of special cash dividend

SABVEST LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
ISIN: ZAE000006417 – ordinary shares
ISIN: ZAE000012043 – “N” ordinary shares
Share code: SBV – ordinary shares
Share code: SVN – “N” ordinary shares
(“Sabvest” or “the Company”)

DECLARATION OF SPECIAL CASH DIVIDEND

Shareholders are referred to the Company's announcement on 29 October 2013 in which
shareholders were advised that the Board was considering ways to utilise its STC credits of 312c to
the benefit of shareholders prior to the expiry of the credits in 2015.

Notice is hereby given that the directors have declared a special cash dividend of 100 cents per
ordinary and N ordinary share out of income reserves.

The Company has utilised STC credits amounting to 100 cents per share. As a result there will be no
dividend withholding tax from the special dividend for any Sabvest shareholders including those who
are not exempt by definition. The Company's unutilised STC credits after the special dividend will be
212 cents per share.

The issued share capital of the Company at the declaration date is 17 295 984 ordinary shares and 29
479 854 N ordinary shares. The income tax number of the Company is 9375/105/716.

The following dates apply to the dividend:

 Last date to trade CUM dividend                   18 December 2013
 Trading EX dividend commences                     19 December 2013
 Record date                                       27 December 2013
 Dividend payment date                             30 December 2013

No dematerialisation or rematerialisation of share certificates will be allowed during the period 19
December 2013 to 27 December 2013, both days inclusive.

Shareholders are further advised that the Company will fund the dividend from cash on hand, the
sale of some investments in its RSA listed portfolio and the early repayment of share trust
receivables.

Sandton
3 December 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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