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Initial Trading Statement, Dividend Declaration and Appointment to Board Committees
TELEMASTERS HOLDINGS LIMITED
(Registration Number: 2006/015734/06)
JSE Code: TLM ISIN: ZAE 000093324
(“Telemasters” or “the Company”)
INITIAL TRADING STATEMENT, DIVIDEND DECLARATION AND APPOINTMENT TO BOARD
COMMITTEES
As announced in the abridged condensed unaudited consolidated results for the six-
month period ended 31 December 2017, the board has decided to discontinue the
practice of quarterly reporting and only report every six months as is required by the
rules of the Johannesburg Stock Exchange. The practice of paying quarterly
dividends will however not be affected by this decision and this practice is
anticipated to continue into the future, depending on cash flow and operating
results.
Initial Trading Statement
In terms of the JSE Listings Requirements, companies are required to provide
guidance to the market when they are satisfied that a reasonable degree of
certainty exists that the financial results for the current reporting period will differ by
at least 20% from the results of the previous corresponding reporting period.
Shareholders are advised that the Company expects Headline earnings per share
(“HEPS”) and earnings per share (“EPS”) for the year ending 30 June 2018 to be at
least 20% higher compared to the HEPS and EPS of 5.85 cents for the year ended
30 June 2017. At this point in time, the Company cannot provide specific guidance
on the extent of the expected increase in HEPS and EPS with a reasonable degree of
certainty and a further trading statement will accordingly be published in due
course.
The financial information on which this trading statement is based has not been
reviewed or reported on by the Company’s auditors.
Dividend Declaration
Notice is hereby given that a dividend of 1.50 cents per share has been declared
and is payable to all shareholders recorded in the share register of the Company at
the close of business on Friday, 20 July 2018.
The dividend will be subject to the Dividends Tax that was introduced with effect
from 1 April 2012. In accordance with the provisions of the Listings Requirements of
the Johannesburg Stock Exchange, the following additional information is disclosed:
- the dividend has been declared out of retained earnings;
- the local Dividends Tax rate is 20%;
- the gross local dividend is 1.50 cents per share for shareholders exempt from
Dividends Tax;
- the net local dividend is 1.20 cents per share for shareholders liable for Dividends
Tax;
- the Company has 42 000 000 ordinary shares in issue;
- the Company’s income tax reference number is: 9683978143.
The following dates are applicable to the dividend:
The last day to trade in order to be eligible for the dividend will be Tuesday,
17 July 2018. Shares will trade ex-dividend from Wednesday, 18 July 2018. The record
date will be Friday, 20 July 2018 and payment will be made on Monday, 23 July 2018.
Share certificates may not be dematerialised/ re-materialised between Wednesday,
18 July 2018 and Friday, 20 July 2018, both days inclusive.
Appointment to Board Committees
Shareholders are advised that Mr Fred Steinberg has been appointed as a member
of the Audit and Risk Committee and the Remuneration Committee with immediate
effect.
Pretoria
29 June 2018
Designated Advisor
Arbor Capital Sponsors Proprietary Limited
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