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ATLANTIC LEAF PROPERTIES LIMITED - Cash dividend of 4.3 GBP pence per share declared by Atlantic Leaf

Release Date: 18/04/2017 08:01
Code(s): ALP     PDF:  
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Cash dividend of 4.3 GBP pence per share declared by Atlantic Leaf

Atlantic Leaf Properties Limited
(Incorporated in the Republic of Mauritius on 11 November 2013) 
(Registration number: 119492 C1/GBL)
SEM share code: ALPL.N0000
JSE share code: ALP
ISIN: MU0422N00009
(“Atlantic Leaf” or “the Company”)


CASH DIVIDEND OF 4.3 GBP PENCE PER SHARE DECLARED BY ATLANTIC LEAF


Shareholders are advised that the board of directors (“the Board”) of Atlantic Leaf has approved and declared a cash dividend of
4.3 GBP pence per share in respect of the six months ended 28 February 2017 out of the Company’s distributable profits.

The salient dates for the dividend for shareholders on the South African and Mauritian registers are set out below:

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

Dematerialisation or rematerialisation of share certificates may not take place between Wednesday, 10 May 2017 and Friday,
12 May 2017 both days inclusive. Transfer of shares between sub-registers in Mauritius and South Africa may not take place
between Tuesday, 2 May 2017 and Friday, 12 May 2017 both days inclusive. Shareholders on the South African sub-register will
receive dividends in South African Rand, based on the exchange rate to be obtained by the Company on or before Tuesday,
2 May 2017. A further announcement in this regard will be made on or before Tuesday, 2 May 2017.

South African shareholders are advised that the cash 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 withholding tax rate was increased from 15% to 20% and 
accordingly South African shareholders may to 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. Atlantic Leaf shareholders are advised to consult their professional advisors regarding the tax
consequence of the cash dividend should they be in any doubt as to the appropriate action they should take. There is no
dividends withholdings tax in Mauritius.

At the date of this announcement, the issued share capital of the Company is 142 671 209 ordinary shares of no par value.

Atlantic Leaf holds primary listings on both the Official Market of the Stock Exchange of Mauritius Ltd and on the Main Board
of the JSE Limited.

By order of the Board

For further information please contact:

South African corporate advisor
Leaf Capital                                                          +27 21 657 1180

JSE sponsor
Java Capital                                                          +27 11 722 3050

Corporate secretary
Intercontinental Trust Limited                                        +230 403 0800

SEM authorised representative and sponsor
Perigeum Capital Ltd                                                  +230 402 0890


18 April 2017



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

Date: 18/04/2017 08:01:00 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.

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