GRAND PARADE INVESTMENTS LIMITED - Declaration of a Cash Dividend

Release Date: 05/01/2015 14:35
Code(s): GPL
 
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Declaration of a Cash Dividend

Grand Parade Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the Company”)


DECLARATION OF A CASH DIVIDEND

Introduction

Shareholders are hereby advised that the board of directors of the
Company have declared an ordinary dividend of 20 cents per share
payable to shareholders on Monday, 2 February 2015. The dividend has
been declared from income reserves.

The Company has utilised Secondary Tax on Companies’ (STC) credits
amounting to 19.11 cents per share. The balance of the dividend will
be subject to a dividend withholding tax of 15% for all shareholders
who are not exempt from or do not qualify for a reduced rate of
withholding tax. The net dividend payable to shareholders subject to
withholding tax at a rate of 15%, amounts to 19.8665 cents per
share.

As at the date of this announcement the Company has 486 958 754
ordinary shares of no par value in issue. The Company’s tax
reference number is 9037/0380/24.

Salient dates and times

Shareholders are reminded of the following salient dates and times
for the payment of the dividend:

Last day to trade (“cum” the                 Friday, 23 January 2015
dividend) in order to
participate in the dividend

Securities start trading “ex”                Monday, 26 January 2015
dividend


Record date for purposes of                  Friday, 30 January 2015
determining the registered
holders of GPI shares to
participate in the dividend
at close of business on

Payment date                                 Monday, 2 February 2015

Share certificates may not be dematerialised or rematerialised
between Monday, 26 January 2015 and Friday, 30 January 2015, both
dates included.



5 January 2015

Cape Town

Sponsor:

PSG Capital (Pty) Ltd

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