To view the PDF file, sign up for a MySharenet subscription.

INVESTEC BANK LIMITED - Declared Dividend Announcement on Discovery Limited Hot Enhanced Dividend Securities (DSYIHB)

Release Date: 28/09/2016 12:44
Code(s): DSYIHB     PDF:  
Wrap Text
Declared Dividend Announcement on Discovery Limited Hot Enhanced Dividend Securities (DSYIHB)

INVESTEC WARRANTS

JSE SHARE CODE: DSYIHB
JSE ISIN CODE: ZAE000218863



DECLARED DIVIDEND ANNOUNCEMENT ON DISCOVERY LIMITED HOT ENHANCED DIVIDEND SECURITIES –
(“DSYIHB”)


With reference to the dividend announcement, the Directors of Discovery Limited have declared a final gross cash
dividend of 90 cents per ordinary share payable on Monday, 10 October 2016 to ordinary shareholders, recorded
in the books of the company at the close of business on Friday, 7 October 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 76.5 cents per share for shareholders liable to pay new Dividends Tax and 90
     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 DSYIHB will receive a dividend of 90 cents on Monday, 10 October 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 Tuesday, 4 October 2016.

DSYIHB Hot Enhanced Dividend Securities will commence trading “ex” the dividend from the commencement of
business on Wednesday, 5 October 2016, and the record date will be Friday, 7 October 2016.




Date: 28 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.com

 Sponsor
           Investec Securities Proprietary Limited
           Member of the JSE
           Registration number. 1972/008905/07)

Date: 28/09/2016 12:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story