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INVESTEC BANK LIMITED - Declared Dividend Announcement on the Bidvest Group Limited HOTED (BVTIHB)

Release Date: 16/09/2016 10:34
Code(s): BVTIHB     PDF:  
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Declared Dividend Announcement on the Bidvest Group Limited HOTED (BVTIHB)

INVESTEC BANK LIMITED

WARRANTS

JSE SHARE CODE: BVTIHB
JSE ISIN CODE: ZAE000210548



DECLARED DIVIDEND ANNOUNCEMENT ON THE BIDVEST GROUP LIMITED HOT ENHANCED DIVIDEND
SECURITIES – (“BVTIHB”)

The Bidvest Group Limited (BVT)

With reference to the dividend announcement, the Directors of The Bidvest Group Limited have declared a final
gross dividend of 232 cents per ordinary share payable on Monday, 26 September 2016 to ordinary shareholders,
recorded in the books of the company at the close of business on Friday, 23 September 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 197.2 cents per share for shareholders liable to pay the new Dividends Tax and
     232 cents per share for shareholders exempt from paying the new Dividends Tax;
3)   the issued share capital of The Bidvest Group Limited is 335 404 212 ordinary shares;
4)   The Bidvest Group Limitedtax reference number is 9550162714; and
5)   Investec Bank Limited tax reference number is 9675/053/71/5.


Accordingly, the holders of BVTIHB will receive a dividend amount per ordinary share on Monday, 26 September
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 will be Tuesday 20, September 2016.

BVTIHB Hot Enhanced Dividend Securities will commence trading “ex” the dividend from the commencement of
business on Wednesday, 21 September 2016, and the record date will be Friday, 23 September 2016.


Bidorp Limited (BID)

With reference to the dividend announcement, the Directors of BidCorp Limited have declared a final gross dividend
of 241 cents per ordinary share payable on Monday, 19 September 2016 to ordinary shareholders, recorded in the
books of the company at the close of business on Friday, 16 September 2016.

In terms of the new Dividend Tax effective 1 April 2012, the following additional information is disclosed:

6)  local dividend tax rate is 15%;
7)  net local dividend amount is 204.85 cents per share for shareholders liable to pay the new Dividends Tax and
    241 cents per share for shareholders exempt from paying the new Dividends Tax;
8) the issued share capital of BidCorp Limited is 335 404 ordinary shares;
9) The Bidvest Group Limited tax reference number is 9040946841; and
10) Investec Bank Limited tax reference number is 9675/053/71/5.


Accordingly, the holders of BVTIHB will receive a dividend amount per ordinary share on Monday, 19 September
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 will be Tuesday, 13 September 2016.

BVTIHB Hot Enhanced Dividend Securities will commence trading “ex” the dividend from the commencement of
business on Wednesday, 14 September 2016, and the record date will be Friday, 16 September 2016.


An adjustment was made to the underlying instrument of BVTIHB due to the unbundling of the Bidvest Group Limited
Shares therefore the above mentioned instrument has a basket of BVT and BID shares as its underlying.
16 September 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.co.za

 Sponsor
           Investec Securities (Pty) Limited
           Member of the JSE
           Registration number(1972/008905/07)

Date: 16/09/2016 10:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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