This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
STENPROP LIMITED- FINALISATION ANNOUNCEMENT IN RESPECT OF THE FINAL CASH DIVIDEND FOR THE YEAR ENDED 31 MARCH 2016
Hamilton, Bermuda: 15 July 2016 – In a filing with the Bermuda Stock Exchange (“BSX”), Stenprop Limited (the “Company” or “Stenprop”; Ticker: STP.BH) released a Finalisation Announcement in respect of the final cash dividend for the year ended 31 March 2016. The filing stated:
Shareholders are referred to the final dividend declaration announcement released on 10 June 2016.
Shareholders on the South African share register will receive their cash dividend in ZAR, converted from Euro at an exchange rate of EUR1:ZAR15.83000. Accordingly, the cash dividend of 4.7 Euro cents per share will be equal to 74.40100 ZAR cents per share.
The information provided in this paragraph is only of direct application to shareholders on the South African share register. The gross local dividend amount is 74.40100 ZAR cents per share for shareholders exempt from paying South African dividends tax. The net local dividend amount is ZAR 63.24085 cents per share for shareholders liable to pay dividends tax at a rate of 15%.
Shareholders on the Bermudian register who elect to receive the cash dividend in Sterling will receive their cash dividend at an exchange rate of EUR1:GBP 0.83619. Accordingly, the cash dividend of 4.7 Euro cents per share will be equal to 3.93009 GBP pence per share. There is no withholding tax payable in Bermuda.
The salient dates and times announced on 10 June 2016 remain unchanged.
Stenprop shareholders are advised to consult their professional advisors regarding the tax consequences of the dividend should they be in any doubt as to the appropriate action to take.
Stenprop has a dual primary listing on the Bermuda Stock Exchange and the Main Board of the JSE.
15 July 2016
South African corporate advisor and JSE sponsor
JAVA CAPITAL
BSX sponsor
Estera Securities (Bermuda) Limited
www.stenprop.com
STENPROP LIMITED
(Incorporated in Bermuda)
(Registration number 47031)
BSX share code: STP.BH JSE share code: STP ISIN: BMG8465Y1093