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MAS REAL ESTATE INC - Announcement of the finalisation of the information in respect of the final dividend for the sixteen month period en

Release Date: 31/10/2014 10:45
Code(s): MSP     PDF:  
Wrap Text
Announcement of the finalisation of the information in respect of the final dividend for the sixteen month period en

MAS Real Estate Inc.
Registered in the British Virgin Islands
Registration number 1750199
Registered as an external company in the Republic of South Africa
Registration number 2010/000338/10
SEDOL (XLUX): B96VLJ5
SEDOL (ALTX): B96TSD2
JSE share code: MSP
ISIN: VGG5884M1041
(“MAS” or the “Company”)


ANNOUNCEMENT OF THE FINALISATION OF THE INFORMATION IN RESPECT OF THE FINAL DIVIDEND
FOR THE SIXTEEN MONTH PERIOD ENDED 30 JUNE 2014


Shareholders are referred to the dividend declaration announced on Wednesday, 24 October 2014 (the “Dividend”)
and are advised that shareholders on the South African share register who elect to receive the Dividend by way of a
cash payment (the “Cash Dividend”) in lieu of an issue of new ordinary shares of no par value in MAS (“New
Shares”) will receive their Cash Dividend in South African rand converted from euro at the closing spot exchange rate
of EUR1.00 : ZAR 13.73740 on Thursday, 30 October 2014. Accordingly, the Dividend of 1.24 euro cents per share
will be equal to 17.03438 ZAR cents per share.

The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that 1.24
euro cents per share bears to the ratio price (being a five percent discount to the five-day volume weighted average
price of MAS shares on the JSE prior to the finalisation date being Friday, 31 October 2014 (“Ratio Price”)). The Ratio
Price applicable to MAS shareholders is 17.01901 ZAR cents per share. Shareholders on the South African share
register will receive New Shares in the ratio of 1.00090 New Shares for every 100 MAS shares held by the
shareholder at the record date, being Friday, 14 November 2014.

The information provided in this paragraph is only of direct application to shareholders on the South African share
register. The gross local dividend amount is 17.03438 ZAR cents per share for shareholders exempt from paying
South African dividends tax. The net local dividend amount is 14.47922 ZAR cents per share for shareholders liable to
pay the dividend’s tax rate of 15%. As the company is not a South African registered company, it does not have any
STC credits available for set-off against the dividend’s tax liability.

MAS has its primary listing on the Euro MTF Market of the Luxembourg Stock Exchange and a secondary listing
on the Alternative Exchange of the JSE.


31 October 2014

For further information please contact:
Helen Cullen, Company Secretary, MAS Real Estate Inc.                                 +44 1624 625000
Java Capital, South African corporate advisor and JSE Sponsor                         +27 11 283 0042
Charl Brand, M Partners, Luxembourg                                                   +352 263 868 602






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