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METROFILE HOLDINGS LIMITED - Revision of Dividend Cover

Release Date: 19/06/2015 08:55
Code(s): MFL     PDF:  
Wrap Text
Revision of Dividend Cover

Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MFL
ISIN Code: ZAE000061727
("Metrofile Holdings" or "the Company")

REVISION OF DIVIDEND COVER

Shareholders were advised in November 2014 that the board of 
directors of the Company (“the Board”) had decided to reduce 
the Company’s dividend cover to 1.75 times based on normalised 
HEPS.

The Company continues to be highly cash generative. Even after 
its accelerated capex programme and the reduced dividend cover, 
it is still under geared relative to its target of maintaining 
a Debt/EBITDA ratio of at least 1,5 times.

The Board is accordingly pleased to advise shareholders that the
Company’s dividend cover will be further reduced from 1.75 to 1.5 
times and that this will be effective for the current financial 
year ending 30 June 2015.


Senderwood
19 June 2015

Sponsor
The Standard Bank of South Africa Limited

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