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DELTA EMD LIMITED - Finalisation Announcement In Respect Of Special Dividend, The Voluntary Winding-Up, The Delisting And Related Matter

Release Date: 27/06/2019 10:13
Code(s): DTA     PDF:  
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Finalisation Announcement In Respect Of Special Dividend, The Voluntary Winding-Up, The Delisting And Related Matter

Delta EMD Limited
Incorporated in the Republic of South Africa)
Registration number 1919/006020/06
ISIN: ZAE000132817
Share code: DTA
(“Delta EMD”)


Delta EMD Shareholders are referred to the SENS announcement of the results of the General Meeting of
Shareholders held on Monday, 10 June 2019, where all the resolutions required to be adopted in order to
approve the Special Dividend, the Voluntary Winding-up, the Delisting and related matters were
unanimously approved by the Shareholders present and voting at the General Meeting.

Capitalised terms used in this announcement that are not otherwise defined, bear the meanings ascribed
to them in the Circular posted to shareholders on Thursday, 18 April 2019, containing full details of the
above matters.

Shareholders are advised that the Takeover Regulation Panel has issued a Compliance certificate in terms
of section 121(b)(i) of the Companies Act, 2008 (Act No. 71 of 2008). No Shareholders have exercised their
Appraisal Rights in terms of section 164 of the Companies Act.

The Board has declared a Special Dividend of R0.70 per share (gross), being the sum of R34 415 887
payable out of retained earnings.

The Special Dividend is a dividend as defined in the Income Tax Act and as such will be subject to dividend
withholding tax at a rate of 20%, save for where Delta EMD Shareholders are exempt from the payment
of dividend withholding tax. The payment of dividend withholding tax will result in a net dividend amount
of R0.56 per share (there being 49 165 553 Delta EMD Shares in issue. Delta EMD’s tax number is
9375057719). Delta EMD has obtained the relevant South African Reserve Bank approvals in respect of
the Special Dividend, the Voluntary Winding-up and the Delisting.

The important final dates and times, as set out in the Circular, are as follows:

      Finalisation Date announcement released on SENS on
                                                                                              Thursday, 27 June

      Finalisation Date announcement to be published in the press on                              Friday, 28 June

      Last day to trade to be eligible to receive the Special Dividend and                      Tuesday, 16 July
      possible liquidation dividend

      Suspension of Delta EMD Shares on JSE at commencement of trade                         Wednesday, 17 July

      Record Date for Special Dividend                                                            Friday, 19 July
         Special Dividend payment date                                                                              Monday, 22 July

         Delisting of Delta EMD from JSE at commencement of trade                                                   Tuesday, 23 July


(a)   All of the above dates and times, which are local South African dates and times.

(b)   Share certificates may not be Dematerialised or rematerialised after the last day to trade for the payment.

(c) Payment date for any possible/expected Liquidation Distribution will be announced in the press in due course.

27 June 2019

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Corporate Law Advisers: Taback and Associates Proprietary Limited

Date: 27/06/2019 10:13:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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