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INVESTEC BANK LIMITED - Dividend Announcement - DSYIHA

Release Date: 29/02/2016 11:45
Code(s): DSYIHA     PDF:  
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INVESTEC WARRANTS

JSE SHARE CODE: DSYIHA
JSE ISIN CODE: ZAE000205936




DECLARED DIVIDEND ANNOUNCEMENT ON DISCOVERY LIMITED HOT ENHANCED DIVIDEND SECURITIES ' ('DSYIHA')
With reference to the dividend announcement, the Directors of Discovery Limited have declared an interim gross cash dividend of 85.5 cents per ordinary share payable on Tuesday, 22 March 2016 to ordinary shareholders, recorded in the books of the company at the close of business on Friday, 18 March 2016.
In terms of the new Dividend Tax effective 1 April 2012, the following additional information is disclosed: 1) local dividend tax rate is 15%,
2) net local dividend amount is 72.675 cents per share for shareholders liable to pay new Dividends Tax and 85.5 cents per share for shareholders exempt from paying the new Dividends Tax; and; 3) the issued share capital of Discovery Limited is 647 427 946 ordinary shares; 4) Discovery Limited tax reference number 9652/003/71/7; and
5) Investec Bank Limited tax reference number is 9675/053/71/5.
Accordingly, the holders of DSYIHA will receive a dividend of 85.5 cents on Tuesday, 22 March 2016 in terms of the Cession clause incorporated in the Supplement between the holders and Investec Bank Limited. The last day to trade ('cum' the dividend) in order to participate in the dividend is Friday, 11 March 2016.
DSYIHA Hot Enhanced Dividend Securities will commence trading 'ex' the dividend from the commencement of business on Monday, 14 March 2016, and the record date will be Friday, 18 March 2016. Date: 29 February 2016
Copies of the offering circular may be obtained from: Investec Bank Limited 100 Grayston Drive Sandown Sandton 2196 For further information contact: Investec Warrants Tel.: 0860 103 343 E-mail: warrants@investec.co.za Internet: www.investec.com Sponsor Investec Securities Proprietary Limited Member of the JSE Registration number. 1972/008905/07)
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