INDLUPLACE PROPERTIES LIMITED - Indluplace to pay dividends twice a year

Release Date: 22/01/2018 16:58
Code(s): ILU
 
Wrap Text
Indluplace to pay dividends twice a year

INDLUPLACE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/226082/06)
JSE share code: ILU ISIN: ZAE000201125
(Approved as a REIT by the JSE)
(“Indluplace” or “the company”)


INDLUPLACE TO PAY DIVIDENDS TWICE A YEAR


Shareholders are referred to the summarised consolidated audited annual results for the year ended
30 September 2017, released on SENS on 8 November 2017, in which shareholders were advised that the
board of directors of Indluplace (“the Board”) was considering amending the company’s dividend policy.
Shareholders are advised that the Board has resolved to change the frequency of dividend declarations and
payments from quarterly for the three months ended 30 September, 31 December, 31 March and 30 June of
each year, to biannual dividends for the six months ended 31 March and 30 September of each year, with
immediate effect. The Board believes it to be in the best interest of shareholders to align the dividend
payments with that of other South African listed REITS. Accordingly, dividends shall be declared for the six
months ending 31 March 2018 and 30 September 2018, in accordance with the revised dividend timetable
set out below.

Dividend timetable for the 2018 financial year:

Dividend number                                                       11                                12
Six months ended                                           31 March 2018                 30 September 2018
Declaration date                                              9 May 2018                  14 November 2018
Last day to trade                                            29 May 2018                   4 December 2018
Shares trade ex-distribution                                 30 May 2018                   5 December 2018
Record date                                                  1 June 2018                   7 December 2018
Payment date                                                 4 June 2018                  10 December 2018
The above dates are subject to change and any changes will be announced on SENS.

22 January 2018


Sponsor
Java Capital

Date: 22/01/2018 04:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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