Sectors Shares

Grand Parade Investments Limited - Declaration Of A Cash Dividend

Release Date: 25/11/2016 16:55
Code(s): GPL
 
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Declaration Of A Cash Dividend

Grand Parade Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI” or “the Company”)

DECLARATION OF A CASH DIVIDEND

Introduction

Shareholders are hereby advised that the board of directors of the
Company have approved and declared a gross ordinary dividend of 25
cents per share payable to shareholders on Wednesday, 28 December
2016. The dividend has been declared from income reserves.

The dividend will be subject to a dividend withholding tax of 15% for
all shareholders who are not exempt from or do not qualify for a
reduced rate of withholding tax. The net dividend payable to
shareholders, subject to withholding tax at a rate of 15%, amounts to
21.25 cents per share.

As at the date of this announcement the Company has 488 805 600
ordinary shares of no par value in issue.

The Company’s tax registration number is 9037/0380/24.

Salient dates and times

Shareholders are hereby advised of the following salient dates and
times for the payment of the dividend:

 Last day to trade (“cum” the                 Tuesday, 20 December 2016
 dividend)    in    order    to
 participate in the dividend
 
 Securities start trading “ex”                Wednesday, 21 December 2016
 dividend
 
 Record date for purposes of                  Friday, 23 December 2016
 determining   the   registered
 holders of GPI shares to
 participate in the dividend at
 close of business on
 
 Payment date                                 Wednesday, 28 December 2016


Share certificates may not dematerialised or rematerialised between
Wednesday, 21 December 2016 and Friday, 23 December 2016, both dates
inclusive.

25 November 2016
Cape Town

Sponsor
PSG Capital (Pty) Ltd

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