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TRELLIDOR HOLDINGS LIMITED - COVID-19 Update And Postponement Of The Payment Of The Cash Dividend For The Six Months Ended 31 December 2019

Release Date: 24/03/2020 09:30
Code(s): TRL     PDF:  
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COVID-19 Update And Postponement Of The Payment Of The Cash Dividend For The Six Months Ended 31 December 2019

Trellidor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1970/015401/06)
Share Code: TRL
ISIN Code: ZAE000209342
(“the Company” or “Trellidor”)

COVID-19 UPDATE AND POSTPONEMENT OF THE PAYMENT OF THE CASH DIVIDEND FOR THE SIX MONTHS ENDED 31 DECEMBER 2019

In response to the exceptional circumstances announced by President Ramaphosa,
shareholders are referred to the dividend declaration announcement released on SENS and
published on 09 March 2020, wherein shareholders were advised that the board of directors
of Trellidor (“Board”) had declared an interim cash dividend of 8 cents per share for the six
months ended 31 December 2019 (“interim dividend”).

Given the uncertainty as to the duration and extent of the impact that COVID-19 is having and
may continue to have on commercial activity in South Africa the Board considers it prudent
and in the best interests of the Company and all its stakeholders to preserve the Company’s
financial liquidity.

Whilst Trellidor continues to maintain its ability to meet its solvency and liquidity obligations,
as a precautionary measure to provide Trellidor with additional financial flexibility and bolster
its liquidity in an extraordinary time of uncertainty, the Board has resolved to postpone the
payment of the interim dividend until the release of its results for the year ending 30 June
2020, which is expected to be on or about 07 September 2020, provided that the decision
remains subject to further review based on a continued assessment of all relevant
considerations. Should we find ourselves in a position to effect payment earlier we will
endeavour to do so.

Durban
24 March 2020

Sponsor
Transaction Adviser
PSG Capital

Date: 24-03-2020 09:30:00
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