DIPULA INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/013963/06)
JSE share code: DIA ISIN: ZAE000203378
JSE share code: DIB ISIN: ZAE000203394
(Approved as a REIT by the JSE)
(“Dipula” or “the Company”)
As advised in the SENS announcement published on 30 October 2020, Dipula will publish its reviewed provisional
condensed consolidated financial results for the year ended 31 August 2020 (“FY2020”) on SENS on Wednesday,
18 November 2020. In this regard, shareholders are advised that Dipula expects to report the following distributable
earnings per share for FY2020:
Cents per share 6 months 6 months FY2020 Year ended % change
ended ended 31 August
29 February 31 August 2019
A share 57.35694 57.13322 114.49016 110.24989 3.8%
B share 38.61409 15.84576 54.45985 82.70673 (34.2%)
Combined A and B share 95.97103 72.97898 168.95001 192.95662 (12.4%)
Shareholders are referred to the market notice issued on 26 June 2020 by the Financial Services Conduct Authority
(“FSCA”), wherein the FSCA granted REITs that have financial year ends of 29 February 2020 to 30 September 2020
an extension of two months within which they are required to comply with the requirements of paragraph 13.47 of the
JSE Listings Requirements to distribute at least 75% of the REIT’s total distributable profits to shareholders.
Shareholders are advised that Dipula will be relying on this extension granted by the FSCA and accordingly, the board
of directors of Dipula (the “Board”) has deferred its decision regarding the declaration of a dividend in respect of
FY2020 until no later than February 2021.
Dipula uses dividend per share as its relevant measurement for trading statement purposes. Accordingly, once Dipula
obtains a reasonable degree of certainty with regard to the FY2020 dividend, a further trading statement will be
The financial information above has not been reviewed or reported on by the Company’s auditors.
16 November 2020
Date: 16-11-2020 04:55:00
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