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Special dividend declaration and sum-of-the-parts update
ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/019240/06)
Share code: ZED
ISIN: ZAE000088431
LEI: 37890022AF5FD117D649
("the Company" or "Zeder")
SPECIAL DIVIDEND DECLARATION AND SUM-OF-THE-PARTS UPDATE
1. SPECIAL DIVIDEND DECLARATION
The Company, through its wholly-owned subsidiary Zeder Financial Services Limited ("ZFS"),
holds 87.1% of the issued shares of Zeder Pome Investments Proprietary Limited ("Pome
Investments"), which in turn holds 100% of the issued shares of Capespan Agri Proprietary
Limited ("CS Agri").
Shareholders of the Company ("Shareholders") are referred to Zeder's announcement
released on the Stock Exchange News Service of the JSE Limited on 27 November 2024 in
terms of which Shareholders were advised that ZFS, through its direct and indirect subsidiaries
Pome Investments and CS Agri, had disposed of the packhouse and cooling facility business
known as Novo Fruit Packers, that all conditions precedent have been fulfilled and that the
purchase consideration had been received by CS Agri.
As a result, the respective boards of CS Agri and Pome Investments had declared special
dividends to their shareholders of which ZFS received R174.2 million for its 87.1% interest.
Zeder's dividend policy remains to pay dividends conditional on the Zeder group having
sufficient reserves to fund its operations and investees' growth plans (if required).
Accordingly, Shareholders are advised that the Zeder board has approved and declared a non-
recurring gross special dividend of 11.0 cents per share, from income reserves ("Special
Dividend") The Special Dividend amount, net of South African dividend tax of 20%, is 8.8 cents
per share for those Shareholders who are not exempt from dividend tax or who are not subject
to a reduced rate in terms of any applicable agreement for the avoidance of double taxation
between South Africa and such Shareholders' country of residence.
There are 1 540 160 354 no par value Zeder ordinary shares in issue on this declaration date.
The Company's income tax number is 9406891151.
The required South African Reserve Bank approval has been obtained for the declaration of the
special dividend.
The salient dates of this Special Dividend distribution are:
2024
Declaration date Monday, 2 December
Last day to trade cum dividend Tuesday, 17 December
Trading ex-dividend commences Wednesday, 18 December
Record date Friday, 20 December
Date of payment Monday, 23 December
Share certificates may not be dematerialised or rematerialised between Wednesday,
18 December 2024 and Friday, 20 December 2024, both days inclusive.
Any Shareholder who is in doubt as to its tax status or position or any other matter, including,
inter alia, any applicable exchange control requirement or the rate of dividend tax that may be
applicable, should consult an appropriate independent professional adviser in the relevant
jurisdiction without delay.
2. SUM-OF-THE-PARTS UPDATE
As a result of the special dividend received from Pome Investments, the live Sum-of-the-Parts
value per share on Zeder's website has been updated to reflect the cash received.
Stellenbosch
2 December 2024
Sponsor Independent Joint Sponsor
PSG Capital Tamela Holdings
Date: 02-12-2024 04:55:00
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