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NEW FRONTIER PROPERTIES LIMITED - Dividend declaration and salient dates

Release Date: 13/04/2017 11:02
Code(s): NFP     PDF:  
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Dividend declaration and salient dates

NEW FRONTIER PROPERTIES LTD
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL)
SEM share code: NFP.N000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier”)


DIVIDEND DECLARATION AND SALIENT DATES


The board of directors of New Frontier (“the Board”) has declared a final gross dividend of 3.6 GBP pence per share for the
six months ended 28 February 2017 out of New Frontier’s distributable profits.

The salient dates for the dividend payment on the SEM and the JSE are set out below:

                                                                                                                       2017
Public Holiday                                                                                                Monday, 1 May
Announcement of GBP to South African Rand conversion rate on or before                                       Tuesday, 2 May
Last day to trade cum dividend                                                                               Tuesday, 9 May
Securities trade ex dividend                                                                              Wednesday, 10 May
Record date                                                                                                  Friday, 12 May
Payment date on or after                                                                                     Monday, 15 May

No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 10 May 2017 and Friday,
12 May 2017, both dates inclusive. No transfer of shares between sub-registers in Mauritius and South Africa may take place
between Tuesday, 2 May 2017 and Friday, 12 May 2017, both dates inclusive.

South African shareholders are advised that the dividend will be regarded as a foreign dividend and may be subject to South
African dividends withholding tax. On 22 February 2017, the South African dividend withholding tax rate was increased from
15% to 20% and accordingly South African shareholders may be subject to a dividend withholding tax rate of 20%, unless an
exemption, as set out in the South African tax legislation, applies. The receipt of the cash dividend may have tax implications
for shareholders who are resident in Mauritius or other countries other than South Africa. New Frontier shareholders are
advised to consult their professional advisors regarding the tax consequence of the dividend should they be in any doubt as to
the appropriate action they should take.

Shareholders on the South African register will receive the dividend in South African Rand, based on the exchange rate to be
obtained on or before Tuesday, 2 May 2017. Further information relating to the proportion of the dividend to be paid as a
property income distribution (“PID”) and the dividend tax to be withheld from shareholders on the South African register will
be announced separately, together with the exchange rate announcement on or before Tuesday, 2 May 2017.

At the date of this announcement, New Frontier’s issued share capital was 152,774,750 ordinary shares of no par value.

New Frontier has a dual primary listing on the Stock Exchange of Mauritius Ltd (“SEM”) and the Alternative Exchange of the
JSE.

By order of the Board


13 April 2017

This notice is issued pursuant to SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting
Issuers) Rules 2007. The Board of New Frontier Properties Ltd accepts full responsibility for the accuracy of the information in
this notice

For further information please contact:

JSE sponsor
Java Capital                                   +27 11 722 3050

Company secretary
Osiris Corporate Solutions (Mauritius) Ltd     +230 650 4030

Date: 13/04/2017 11:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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