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INVESTEC BANK LIMITED - Dividend Announcement- DSYIHB

Release Date: 27/02/2017 16:42
Code(s): DSYIHB     PDF:  
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Dividend Announcement- 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 an interim gross
cash dividend of 88 cents per ordinary share payable on Monday, 20 March 2017 to ordinary shareholders,
recorded in the books of the company at the close of business on Friday, 17 March 2017.


In terms of the new Dividend Tax effective 22 February 2017, the following additional information is disclosed:

1)   local dividend tax rate is 20%,
2)   net local dividend amount is 70.4 cents per share for shareholders liable to pay new Dividends Tax and 88
     cents per share for shareholders exempt from paying the new Dividends Tax; and;
3)   the issued share capital of Discovery Limited is 646 844 992 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 88 cents on Monday, 20 March 2017 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, 14 March 2017.

DSYIHB Hot Enhanced Dividend Securities will commence trading “ex” the dividend from the commencement of
business on Wednesday, 15 March 2016, and the record date will be Friday, 17 March 2017.


Date: 27 February 2017

 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: 27/02/2017 04:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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