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Postponement of the payment of the final cash dividend for the year ended 31 December 2019
Mpact Limited
(Incorporated in the Republic of South Africa)
(Company registration number 2004/025229/06)
Income tax number: 9003862175
JSE Share Code: MPT JSE ISIN: ZAE 000156501
(“Mpact” or “the Company”)
POSTPONEMENT OF THE PAYMENT OF THE FINAL CASH DIVIDEND FOR THE YEAR
ENDED 31 DECEMBER 2019
Shareholders are referred to the final dividend declaration announcement released on SENS
on Wednesday, 4 March 2020, wherein shareholders were advised that the board of directors
of Mpact had declared a final gross cash dividend of 42 cents per share for the year ended 31
December 2019.
Given the uncertainty as to the duration and extent of the impact that COVID-19 will have on
the operational activities of Mpact’ businesses together with further measures announced by
President Cyril Ramaphosa on Monday, 23 March 2020, in which he outlined a 21-day national
lockdown, the Board has considered it prudent and in the best interests of the Company and
all its stakeholders to preserve the Company’s financial liquidity.
As such the Board has resolved to postpone the payment of the dividend from Monday, 6 April
2020 to Monday, 7 September 2020. The Board believes that the postponement of the
dividend, amounting to R72,787,897.14 together with the Company’s undrawn banking
facilities of approximately R400 million, will position Mpact to remain well capitalised through
these uncertain times.
As per the President’s announcement, certain categories of business, which are critical and
necessary to support Government’s response to the pandemic, are exempted from the
lockdown.
Mpact is one of the critical links in the South African economy’s supply chain, producing paper
and packaging for food, pharmaceuticals and other essential products. Based on the current
information at our disposal, Mpact falls within the categories of businesses which are required
to remain open during the lock-down to fulfill our vital link in the essential services value chain.
The Board will continue to monitor the impact of COVID-19 on the Company’s operations and
its financial position.
Melrose Arch
24 March 2020
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24-03-2020 11:36:00
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