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TORRE INDUSTRIES LIMITED - Finalisation Announcement Relating to the Special Cash Dividend

Release Date: 26/11/2018 15:00
Code(s): TOR     PDF:  
 
Wrap Text
Finalisation Announcement Relating to the Special Cash Dividend

Torre Industries Limited
(Incorporated in the Republic of South Africa)
(Registration number 2012/144604/06)
Share Code: TOR
ISIN: ZAE000188629
(“Torre” or “the Company”)


FINALISATION ANNOUNCEMENT RELATING TO THE SPECIAL CASH DIVIDEND


Shareholders are referred to the SENS announcement, dated 12 November 2018, which contained,
inter alia, notice of the payment of a special cash dividend of 35 cents per Torre share which has been
declared out of cash and cash equivalent reserves of the Company. The issued ordinary share capital
of the Company as at the declaration date was 514 197 105 Torre ordinary shares. The income tax
number of the Company is 9698735157.

Withholding tax on dividends at a rate of 20% will be deducted for all shareholders who are not exempt
in terms of the legislation. This will result in a final net cash dividend of 28 cents per Torre Share to non-
exempt shareholders.

The relevant approvals have now been obtained from the South African Reserve Bank, and the salient
dates associated with the special cash dividend are set out below:

Last date to trade CUM dividend                                              Tuesday, 4 December 2018
Trading EX dividend                                                        Wednesday, 5 December 2018
Record date                                                                   Friday, 7 December 2018
Dividend payment date                                                        Monday, 10 December 2018

No share certificates may be dematerialisation or rematerialisation between Wednesday, 5 December
2018 to Friday, 7 December 2018 (both dates inclusive).


Johannesburg
26 November 2018

Transaction Sponsor and Advisor
Questco Proprietary Limited

Date: 26/11/2018 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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