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Declaration of Special Cash Dividend
PUTPROP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR ISIN: ZAE000072310
(“Putprop” or “the Company”)
DECLARATION OF SPECIAL CASH DIVIDEND
Shareholders are hereby advised that the board of directors of Putprop (“the Board”) declared a
gross special dividend of 89.54 cents per ordinary share (“the Special Dividend”) payable to
ordinary shareholders on Monday, 25 July 2016.
In February 2016, the Company sold one of its properties, Selby Depot, to the City of
Johannesburg for an amount, net of expenses, of R60 million. Consequently the Board has
decided to return a portion of these funds to the shareholders by way of the Special Dividend.
The Company has obtained the relevant South African Reserve Bank Approval in respect of the
Special Dividend.
The Special Dividend will be payable from income reserves. The current local Dividend
Withholding Tax (‘DWT’) rate is 15%. The gross local dividend amount is 89.54 cents per share
for shareholders exempt from paying DWT whilst the net local dividend payable is 76.109 cents
per share for shareholders liable to pay DWT. The issued share capital of Putprop is 44 672 279
shares. The Board has reasonably concluded that the Company will satisfy the solvency and
liquidity test immediately after distribution of the Special Dividend and for the next 12 months.
Putprop’s income tax reference number is 9100097717.
The proposed salient dates are as follows:
Declaration date Tuesday, 28 June 2016
Last date to trade to participate Tuesday, 19 July 2016
Trading commences ex dividend Wednesday, 20 July 2016
Record date Friday, 22 July 2016
Date of payment Monday, 25 July 2016
Share certificates may not be dematerialised or rematerialised between Wednesday,
20 July 2016 and Friday, 22 July 2016, both days inclusive.
Johannesburg
28 June 2016
Sponsor
Merchantec Capital
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