INSIMBI REFRACTORY & ALLOY SUP LIMITED - Dividend Declaration and Finalisation

Release Date: 29/05/2018 13:20
Code(s): ISB
Wrap Text
Dividend Declaration and Finalisation

Insimbi Refractory and Alloy Supplies Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Company” or “the Group”)


Insimbi is pleased to notify shareholders of the final dividend declared by the company and shareholders are also
advised to take note of the dividend dates below. An interim dividend number 15 of 3 cents per share (2017: 1,5
cents) or R12 283 079 (2017: R3 898 384) was declared on 21 September 2017 for the half year ended 31 August
2017. The board has elected to retain this conservative approach and has opted to declare a final dividend number
16 of 3 cents per share (2017: nil cents) or R12 265 896 (2017: R nil).

The board has confirmed by resolution that the solvency and liquidity test as contemplated by the Companies Act,
No. 71 of 2008, as amended, has been duly considered, applied and satisfied. This is a dividend as defined in the
Income Tax Act, 1962, and is payable from income reserves. The South African dividend tax rate is 20,0%. The
dividend payable to shareholders who are subject to dividend tax and shareholders who are exempt from dividend
tax is 2,4 cents and 3,0 cents per share, respectively. The income tax number of the company is 9078488153.

The total dividend payable in the year under review was therefore 6 cents per share or R 24 548 975 (2017: 1,5
cents per share or R 3 898 384).

Dividend dates:
 Last day to trade cum dividend                                                         Tuesday, 12 June 2018 2018
 Commence trading ex dividend                                                         Wednesday, 13 June 2018 2018
 Record Date                                                                             Friday, 15 June 2018 2018
 Payment date                                                                            Monday, 18 June 2018 2018
*Shares certificates may not be dematerialised or rematerialised between Wednesday, 13 June and Friday, 15
June 2018, both dates inclusive.

29 March 2018
Sponsor: Bridge Capital Advisors Proprietary Limited

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