Declaration Of Dividend
Niveus Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1996/005744/06)
Share code: NIV
(“Niveus” or “the Company”)
DECLARATION OF DIVIDEND
Following the implementation of the GABS Acquisition, as defined and
detailed in the Company’s circular to shareholders dated 18 December 2017,
on 1 February 2018 and the declaration and payment of a cash dividend by
Niveus Invest 17 Proprietary Limited to its shareholders, Hosken
Consolidated Investments Limited and La Concorde Holdings Limited (“La
Concorde”), as well as the subsequent cash dividend by La Concorde to its
shareholders, including Niveus, the directors of the Company have resolved
to declare a cash dividend of 120 cents per share from income reserves.
The dividend meets the definition of a dividend in terms of the Income Tax
Act, No. 58 of 1962. The dividend is subject to the South African dividend
withholding tax (DWT) rate of 20%, unless the shareholder is exempt from
paying dividends tax or is entitled to a reduced rate in terms of an
applicable double-taxation agreement. The dividend amount, net of DWT of
20%, is 96 cents per share for those shareholders who are not exempt from
The applicable dates are as follows:
Dividend declared Wednesday, 14 February 2018
Last day to trade cum dividend Tuesday, 6 March 2018
Shares commence trading ex dividend Wednesday, 7 March 2018
Record date Friday, 9 March 2018
Payment date Monday, 12 March 2018
Share certificates may not be dematerialised or materialised between
Wednesday, 7 March 2018 and Friday, 9 March 2018, both days inclusive.
The number of issued ordinary shares of the Company is 119 162 734 at the
date of this declaration. The Company’s tax reference number is
14 February 2018
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