NIVEUS INVESTMENTS LIMITED - Declaration Of Dividend

Release Date: 14/02/2018 14:00
Code(s): NIV
 
Wrap Text
Declaration Of Dividend

Niveus Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1996/005744/06)
Share code: NIV
ISIN: ZAE000169553
(“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
dividends tax.

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
9564/137/84/3.


14 February 2018
Paarl

Sponsor
PSG Capital

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