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MARSHALL MONTEAGLE PLC - Dividend declaration

Release Date: 03/01/2017 07:05
Code(s): MMP     PDF:  
Wrap Text
Dividend declaration

Marshall Monteagle PLC
(Incorporated in Jersey. Registration No. 102785)
(SA Registration No: 2010/024031/10)
JSE CODE: MMP ISIN: JE00B5N88T08
(“the Company”)

Dividend Announcement

The final gross dividend for the year ended 30 September 2016 of US 1.9 cents per share (25.992 ZAR
cents per share) was declared in the preliminary year end results published on Wednesday, 21 December
2016. The dividend will be paid on Monday, 23 January 2017 to those shareholders registered at the close
of business on Friday 13 January 2017.

Shareholders on the South African register will receive their dividend in South African Rand converted from
US Dollars at the closing rate of exchange on Thursday, 29 December 2016 which was US$1 = ZAR13.68
being the average of the bid/ask spread at 10h00 (United Kingdom time) on that day.

In respect of the normal gross cash dividend, and in terms of the South African Tax Act, the following
dividend tax ruling only applies to those shareholders who are registered on the South African register on
Friday 13 January 2017. All other shareholders are exempt

-     the dividend has been declared from income reserves, which funds are sourced from the Jersey
      holding company’s main bank account in Luxembourg

-     the gross dividend in ZAR cents is 25.992 cents

-     the dividend withholding tax rate is 15% resulting in a net dividend of US 1.615 cents (22.0932 ZAR
      cents) per share to those shareholders who are not exempt from the dividend withholding tax.

The issued number of shares as at declaration date is 35 857 512.
The Company’s Jersey tax number is CH4513.

Salient dates for dividend
Last day to trade                                                Tuesday 10 January 2017
Shares trade ex dividend                                         Wednesday 11 January 2017
Record date                                                      Friday 13 January 2017
Pay date                                                         Monday 23 January 2017

No dematerialisation or rematerialisation of share certificates, nor transfer of shares between the registers in
Jersey and South Africa will take place between Wednesday 11 January 2017 and Friday 13 January 2017,
both dates inclusive.

City Group P.L.C.
Company Secretary
3 January 2017

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Johannesburg

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