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YEBOYETHU (RF) LIMITED - Interim results & reviewed condensed consolidated interim financial statements for the six months ended 30 Sep 2018

Release Date: 19/11/2018 16:43
Code(s): YYLBEE     PDF:  
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Interim results & reviewed condensed consolidated interim financial statements for the six months ended 30 Sep 2018

YeboYethu (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2008/014734/06)
Share code: YYLBEE
ISIN: ZAE000218483
("YeboYethu” or the “company”)

Interim results and reviewed condensed consolidated interim financial statements for the six months
ended 30 September 2018 and dividend declaration

Shareholders are advised that YeboYethu’s results and reviewed condensed consolidated interim
financial statements for the six months ended 30 September 2018 are available on YeboYethu's
website at www.yeboyethu.co.za. The salient features include:
    -     The implementation of the broad-based black economic empowerment (‘BEE’) transaction on
          14 September 2018 as approved by the General Meeting of shareholders held on 17 August
          2018;
    -     Basic earnings per share of 1 579 cents (2017: 1 490 cents); and
    -     Interim dividend of 112 cents per share, in accordance with the funding terms of the BEE
          transaction. The interim dividend calculation takes into account, amongst other expenses, the
          interest expense on the Class A preference share up to the last date of registration. For the
          period ended 30 September 2018, the interest expense on the Class A preference shares
          amounted to R13.9 million, which represents 16 days of interest expense. The next dividend
          will take into account the interest expense over the entire relevant period, which interest
          expense is expected to be significantly higher.

YeboYethu’s only material investment is its investment in Vodacom Group Limited (‘Vodacom’).
Shareholders are advised that Vodacom has released its interim results for the six months ended
30 September 2018 on SENS and is available for download on the Vodacom website hosted at
www.vodacom.com


Declaration of interim dividend No. 12 - payable from income reserves

Notice is hereby given that a gross interim dividend No. 12 of 112 cents per ordinary share in respect of
the six months ended 30 September 2018 has been declared payable on Monday 10 December 2018 to
shareholders recorded in the register at the close of business on Friday 7 December 2018. The number of
ordinary shares in issue at the date of this declaration is 52 915 960. The dividend will be subject to a local
dividend withholding tax rate of 20% which will result in a net dividend to those shareholders not exempt
from paying dividend withholding tax of 89.60000 cents per ordinary share.

Last day to trade shares cum dividend            Tuesday 4 December 2018
Shares commence trading ex-dividend              Wednesday 5 December 2018
Record date                                      Friday 7 December 2018
Payment date                                     Monday 10 December 2018

Share certificates may not be dematerialised or rematerialised between Wednesday 5 December 2018 and
Friday 7 December 2018, both days inclusive.

On Monday 10 December 2018, the interim dividend will be electronically transferred into the bank
accounts of all certificated shareholders where this facility is available. Shareholders who hold
dematerialised shares will have their accounts at their CSDP or broker credited on Monday 10 December
2018.

YeboYethu (RF) Limited tax reference number is 9087475175.

Midrand

Sponsor: UBS South Africa (Pty) Limited

19 November 2018

Date: 19/11/2018 04:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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