WESCOAL HOLDINGS LIMITED - Dividend finalisation announcement

Release Date: 26/07/2018 09:00
Code(s): WSL
 
Wrap Text
Dividend finalisation announcement

WESCOAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2005/006913/06)
Share code: WSL
ISIN: ZAE000069639
(“Wescoal” or “the Company”)

Dividend finalisation announcement

Shareholders are referred to Wescoal’s audited results for the year ended 31 March 2018, released
on SENS on 26 June 2018, wherein the directors resolved to declare the distribution of a dividend of
R35 million for the period to 31 March 2018.

The directors are now in a position to confirm the declaration of a gross final dividend of 7.77934
cents per ordinary share for the year ended 31 March 2018 (31 March 2017: 2.66720 cents). The
dividend has been declared from income reserves.

In terms of dividend tax, the following additional information is disclosed:

-    the dividend is subject to dividend tax of 20%; and
-    the net dividend will therefore be 6.22347 cents per share for shareholders who are not exempt
     from dividend tax.

The amount of shares in issue at the date of this declaration is 449 909 827 (439 720 827 exclusive of
treasury shares) and the Company's tax reference number is 9876593147.

In order to comply with the requirements of Strate, the relevant dates are as follows:

Last date to trade (cum dividend):                 Tuesday, 14 August 2018
Shares to commence trading (ex-dividend):          Wednesday, 15 August 2018
Record date:                                       Friday, 17 August 2018
Payment date:                                      Monday, 20 August 2018

No share certificates may be dematerialised or rematerialised between Wednesday, 15 August 2018
and Friday, 17 August 2018, both dates inclusive.

26 July 2018

Sponsor

Nedbank Corporate and Investment Banking

Date: 26/07/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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