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LONDON FINANCE & INVESTMENT GROUP PLC - Correction of Dates on interim results and dividend announcement

Release Date: 25/02/2021 10:23
Code(s): LNF     PDF:  
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Correction of Dates on interim results and dividend announcement

London Finance & Investment Group P.L.C.
(Incorporated in England with registered number 201151)
LSE code: LFI
JSE code: LNF
ISIN: GB0002994001
(the ‘Company’)

Correction of dates announcement

Shareholders are referred to the “Unaudited Interim Results for the six months ended 31st December
2020 and interim dividend declaration” published on SENS on 24 February 2021 (“the Announcement”)
and are advised that:

1.        the heading was incorrect in that the Announcement incorrectly referred to the six months
          ended 31st December 2019 instead of 31st December 2020; and
2.        in the second paragraph under ‘Introduction to the Company’ the Announcement incorrectly
          referred to a divided payment date of Friday, 3 April 2020 instead of Thursday, 25 th March 2021
          and an incorrect dividend record date of Friday, 13 March 2021 instead of Friday 12 March

All other information in the Announcement remains unchanged as disclosed below:

Introduction to the Company

London Finance & Investment Group PLC. (LSE: LFI, JSE: LNF), the investment company whose
assets primarily consist of Strategic Investments and a General Portfolio, today announces its unaudited
Interim Results for the 6 months ended 31 December 2020 and the Board’s Dividend Declaration.

Interim Dividend

The Board recommends an interim gross dividend of 0.55p per share (10.73127 SA cents): 0.55p)
which will be paid on Thursday, 25 March 2021 to those members registered at the close of business
on Friday 12 March 2021 (SA and UK). Shareholders on the South African register will receive their
dividend in SA Rand converted from sterling at the closing rate of exchange on Tuesday, 18 February
2021, being GBP 1 = SA Rand 19.5114.

JSE Disclosure Requirements

In respect of the normal gross cash dividend, and in terms of the South African Tax Act, the following
dividend tax ruling only applies to those shareholders who are registered on the South African register
on Friday, 12 March 2021. All other shareholders are exempt.

•     The number of shares in issue now and as at the interim dividend declaration date is 31,207,479;
•     The interim gross dividend is 10.73127 SA cents;
•     The interim net dividend is 8.58502 SA cents;
•     The dividend has been declared from income reserves, which funds are sourced from the
      Company’s main bank account in London and is regarded as a foreign dividend by South African
      shareholders; and
•     The Company’s UK Income Tax reference number is 948/L32120.

Dividend dates:

     Last day to trade (SA)                            Tuesday 9th March 2021

     Shares trade ex-dividend (SA)                     Wednesday 10th March 2021

     Shares trade ex-dividend (UK)                     Thursday 11th March 2021
  Record date (SA and UK)                            Friday 12th March 2021

  Dividend Payment date                              Thursday 25th March 2021

The JSE Listing Requirements require disclosure of additional information in relation to any dividend

Shareholders registered on the South African register are advised that the dividend withholding tax
will be withheld from the gross final dividend amount of 10.73127 SA cents per share at a rate of 20%
unless a shareholder qualifies for an exemption; shareholders registered on the South African register
who do not qualify for an exemption will therefore receive a net dividend of 8.58502 SA cents per
share. The dividend withholding tax and the information contained in this paragraph is only of direct
application to shareholders registered on the South African register, who should direct any questions
about the application of the dividend withholding tax to Computershare Investor Services (Pty)
Limited, Tel: +27 11 370 5000

Share certificates may not be de-materialised or re-materialised between Wednesday 11 March 2021
and Friday 13 March 2021, both dates inclusive. Shares may not be transferred between the registers
in London and South Africa during this period either.

Full Announcement

This short-form announcement is the responsibility of the Directors of the Company and is a summary of the
information in the full announcement which is available for viewing on the following website:

JSE website:

Any investment decision by investors and/or shareholders should be based on consideration of the full
announcement, copies of which are also available for inspection at our offices and our sponsor’s offices on
work-days during business hours, at no charge:

On behalf of the Board

United Kingdom
25 February 2021

Date: 25-02-2021 10:23:00
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