MAS REAL ESTATE INC - Results of shareholders meeting and declaration distribution for the year ended 30 June 2018

Release Date: 10/09/2018 09:00
Code(s): MSP
 
Wrap Text
Results of shareholder’s meeting and declaration
distribution for the year ended 30 June 2018

MAS Real Estate Inc.
Registered in the British Virgin Islands
Registration number 1750199
SEDOL (EMTF): B96VLJ5
SEDOL (JSE): B96TSD2
JSE share code: MSP
ISIN: VGG5884M1041
LEI code: 213800T1TZPGQ7HS4Q13
("MAS" or "the Company")


RESULTS OF SHAREHOLDER'S MEETING AND DISTRIBUTION DECLARATION
FOR THE YEAR ENDED 30 JUNE 2018


RESULTS OF SHAREHOLDERS' MEETING

The Company announces that the shareholders' meeting was held on Friday 7 September 2018, in terms of the
notice of shareholders' meeting dispatched to shareholders on 15 August 2018.

The sole resolution tabled thereat was passed by the requisite majority of the Company's shareholders.

Details of the results of voting at the shareholders' meeting are as follows:

-     total number of MAS shares that could have been voted at the shareholders' meeting: 637 493 798; and
-     total number of MAS shares that were present/represented at the shareholders' meeting: 447 827 889
      being 70.2% of the total number of MAS shares that could have been voted at the shareholders' meeting.

Resolution 1: General Authority to repurchase issued shares

Shares voted*          For                              Against                            Abstentions^
446 756 656            446 350 696, being 99.9%         405 960, being 0.1%                1 071 233, being 0.2%

* shares excluding abstentions
^ in relation to total shares that could have been voted at the shareholders' meeting

FINAL DISTRIBUTION FOR THE YEAR ENDED 30 JUNE 2018

Shareholders are advised that the final distribution for the year ended 30 June 2018 of 4.03 Euro cents per
share has been declared (the "Distribution"), and this Distribution will be paid in cash.

As at the date of this announcement, the Company has 645 343 798 ordinary no par value shares in issue.

Salient dates and times

The salient dates and times of the Distribution for shareholders on the European share register and
shareholders on the South African share register are set out below:
                                                                                               2018

Announcement of the Euro to South African Rand exchange rate
on                                                                                                 Tuesday, 2 October
Last day to trade on the LuxSE and the JSE in order to be eligible
for receipt of the Distribution on                                                                 Tuesday, 9 October
Trading commences ex-distribution on the LuxSE and the JSE on                                      Wednesday, 10 October
Record date for shareholders recorded on the European and South
African share registers on                                                                         Friday, 12 October
Distribution cheques posted, and CREST/CSDP/ broker accounts
credited on or around                                                                              Wednesday, 17 October

Share certificates may not be dematerialised or rematerialised between Wednesday, 10 October 2018 and
Friday, 12 October 2018, both days included. Shares may not be transferred between registers between
Tuesday, 2 October 2018 and Friday, 12 October 2018, both days included.

Tax Considerations
General

Shareholders are advised to consult their own tax advisors with regard to their individual tax liability,
circumstances and reporting responsibilities.

There is no withholding tax payable in the British Virgin Islands.

South African resident shareholders

The Distribution may be regarded as a foreign dividend, and if it is, may be subject to South African dividends
tax at a rate of 20% unless an exemption as set out in the South African Income Tax legislation applies.

Shareholders residing outside of South Africa

The Distribution may have legal or tax implications for shareholders residing outside of South Africa and such
shareholders are advised to obtain appropriate advice from their professional advisers in this regard.

MAS is listed on the Main Board of the JSE and is listed and admitted to trading on the Euro MTF market of the
Luxembourg Stock Exchange.


10 September 2018

For further information please contact:
Helen Cullen, Company Secretary, MAS Real Estate Inc.                           +44 1624 625000
Java Capital, JSE Sponsor                                                       +27 11 722 3050
Charl Brand, M Partners, Luxembourg Stock Exchange Listing Agent                +352 263 868 602
Investor Relations, Lizelle du Toit                                             +27 82 465 1244

Date: 10/09/2018 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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