Sharenet Sites 
Sharenet Sites
Results of the Scrip Dividend Alternative
Brimstone Investment Corporation Limited
(Incorporated in the Republic of South Africa)
Registration number 1995/010442/06
ISIN Number: ZAE000015277 Share Code: BRT
ISIN Number: ZAE000015285 Share Code: BRN
(“Brimstone” or the “Company”)
Results of the Scrip Dividend Alternative
Shareholders are referred to Brimstone’s reviewed preliminary condensed consolidated results for
the year ended 31 December 2017, the finalisation announcement and the cash fraction
announcement released on SENS on 6 March 2018, 10 April 2018 and 19 April 2018 respectively,
relating to the declaration of a cash dividend of 42 cents (the “Cash Dividend”) incorporating an
election to receive the Cash Dividend or a scrip dividend as an alternative (the “Scrip Dividend
Alternative”), with the default election being the Scrip Dividend Alternative.
In terms of the Scrip Dividend Alternative, 1 284 572 new Brimstone ordinary shares and 2 073 438
new Brimstone “N” ordinary shares were allotted for transfer to shareholders who did not elect to
receive the Cash Dividend in respect of all or part of their shareholding, resulting in a capitalisation
of Brimstone’s distributable retained profits of R36 856 828.15.
Shareholders recorded in the register of the Company at the close of business on Friday, 20 April
2018 (“Record Date”), holding 8 613 837 Brimstone ordinary shares and 151 741 764 Brimstone “N”
ordinary shares respectively, elected to receive the Cash Dividend.
The payments of the Cash Dividend of R67 349 352.42 and the cash fractions applicable to the Scrip
Dividend Alternative of R8 579.35 result in the payment of a total gross Cash Dividend of
R67 357 931.77, which was declared out of income reserves.
Cheques have been posted to certificated shareholders and accounts have been credited by CSDPs
or brokers to dematerialised shareholders in respect of the Cash Dividend, and share certificates
have been posted to certificated shareholders and accounts credited by CSDPs or brokers to
dematerialised shareholders in respect of the Scrip Dividend Alternative, today.
An adjustment to the Brimstone ordinary shares and Brimstone “N” ordinary shares listed in respect
of the Scrip Dividend Alternative will be made on or about Tuesday, 24 April 2018.
23 April 2018
Investment Bank, Corporate Advisor and Sponsor
Nedbank Corporate and Investment Banking
Date: 23/04/2018 11:14:00 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.
