To view the PDF file, sign up for a MySharenet subscription.

MAS REAL ESTATE INC - Finalisation of the information in respect of interim dividend for the six month period ended 31 December 2014

Release Date: 29/05/2015 13:45
Code(s): MSP     PDF:  
Wrap Text
Finalisation of the information in respect of interim dividend for the six month period ended 31 December 2014

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
JSE share code: MSP
ISIN: VGG5884M1041
(“MAS” or the “Company”)


ANNOUNCEMENT OF THE FINALISATION OF THE INFORMATION IN RESPECT OF THE INTERIM
DIVIDEND FOR THE SIX MONTH PERIOD ENDED 31 DECEMBER 2014


Shareholders are referred to the dividend declaration announced on Wednesday, 13 May 2015 (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 :
ZAR13.2001 on Thursday, 28 May 2015. Accordingly, the Dividend of 1.15 euro cents per share will be equal to
15.18012 ZAR cents per share.

The number of New Shares to which shareholders are entitled will be determined with reference to the ratio that 1.15
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, 29 May 2015 (“Ratio Price”)). The Ratio
Price applicable to MAS shareholders is ZAR16.85024 per share. Shareholders on the South African share register
will receive New Shares in the ratio of 0.90088 New Shares for every 100 MAS shares held by the shareholder at the
record date, being Friday, 12 June 2015.

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 15.18012 ZAR cents per share for shareholders exempt from paying
South African dividends tax. The net local dividend amount is 12.90310 ZAR cents per share for shareholders liable to
pay the dividend’s tax rate of 15%.

Should all shareholders receive the New Shares, the maximum amount to be capitalised from retained earnings in
order for the New Shares to be fully paid up is EUR3 342 239.

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


29 May 2015

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 11 772 3050
Charl Brand, M Partners, Luxembourg                                                  +352 263 868 602






Date: 29/05/2015 01:45:00 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.

Share This Story