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Capital Distribution out of share premium in lieu of a dividend
Purple Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: PPE ISIN: ZAE000185526
(“Purple Group” or “the Company”)
Capital Distribution out of share premium in lieu of a dividend
The board of directors of Purple Group have approved a R10.8 million capital distribution
out of share premium, by way of a reduction of Contributed Tax Capital of 1.25 cents per
share, in lieu of a dividend, on the ordinary shares of the Company in respect of the year
ended 31 August 2015 which was declared on Thursday, 5 November 2015 payable to
shareholders recorded in the share register of the Company at the close of business on the
record date appearing below (“the Distribution”).
The Company has 864 614 223 ordinary shares in issue and its income tax reference number
is 9552/065/64/2.
The directors have determined that the capital distribution shall be paid out of qualifying
contributed tax capital as contemplated in the definition of “contributed tax capital” in
section 1 of the Income Tax Act, 1962.
The salient dates pertaining to the Distribution are as follows:
Last date to trade “cum” dividend Friday, 20 November 2015
Date trading commences “ex” dividend Monday, 23 November 2015
Record date Friday, 27 November 2015
Date of payment Monday, 30 November 2015
Ordinary share certificates may not be dematerialised or rematerialised between Monday,
23 November 2015 and Friday, 27 November 2015, both days inclusive.
Relative to this Distribution, the directors have confirmed that the Company will satisfy the
solvency and liquidity test immediately after completing the Distribution.
For income tax purposes, shareholders are advised that the Distribution will be paid out of
qualifying contributed tax capital as contemplated in the definition of “contributed tax
capital” in section 1 of the Income Tax Act, 1962, and as it will be regarded as a return of
capital with no dividend tax being payable, consideration should be given to the potential
capital gains tax consequences. Purple Group shareholders are, therefore, advised to
consult their tax advisors with regard to how they may be impacted by the Distribution.
Where applicable, dividends in respect of certificated shares will be transferred
electronically to shareholders’ bank accounts on the payment date. In the absence of
specific mandates, dividend cheques will be posted to shareholders at their risk. Ordinary
shareholders who hold dematerialised shares will have their accounts at their CSDP or
broker credited on Monday, 30 November 2015.
Johannesburg
5 November 2015
Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited
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