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ESORFRANKI LIMITED - Finalisaton announcement relating to the special dividend

Release Date: 22/11/2013 11:44:00      Code(s): ESR       PDF(s):  
Finalisaton announcement relating to the special dividend

ESORFRANKI LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1994/000732/06)

JSE code: ESR

ISIN: ZAE000133369

(“Esorfranki” or “the Company”)



FINALISATION ANNOUNCEMENT RELATING TO THE SPECIAL DIVIDEND



With reference to the announcement dated 18 November 2013, the Company

confirms the following information relating to the special dividend:



Gross dividend (cents per share)                                        38.0

Gross STC credits                                                        0.0

                                                                        38.0

Dividend withholding tax (15% on taxable dividend)                     (5.7)

Net dividend (cents per share)                                          32.3



The dividend tax deducted will be paid as follows:



1.      To the South African Revenue Service in respect of holders not

        exempt from dividends tax;

2.      Holders exempt from dividends tax or holders qualifying for a

        reduced rate per Double Tax Agreement will receive the appropriate

        dividend from their intermediary provided they have completed and

        lodged   the  relevant   exemption  or  reduced   rate  prescribed

        application form timeously with their service provider.        The

        responsibility to make such submissions is that of the shareholder

        and failure to do so may result in dividends tax being deducted in

        full.



Payment will be made by the relevant intermediary, i.e. Central Securities

Depository Participant (“CSDP”) or broker nominee company, which is the

final regulated intermediary in terms of the Income Tax Act.



The dates applicable to the special dividend are as follows:



Last day to trade cum special dividend               Friday, 29 November 2013

Ordinary shares commence trading ex-                  Monday, 2 December 2013

special dividend

Record date (i.e. date shareholders                  Friday, 6 December 2013

recorded in the register in order to be

eligible to receive the special

dividend)

Payment date                                         Monday, 9 December 2013



No share certificates may be dematerialised or rematerialised between

Monday, 2 December 2013 and Friday, 6 December 2013, both dates inclusive.





Germiston

22 November 2013



Sponsor:

Vunani Corporate Finance


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