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Stenprop Limited – Finalisation Dividend Announcement
Hamilton, Bermuda: July 17, 2017 – In a filing with the Bermuda Stock Exchange (“BSX”), Stenprop Limited (the “Company” or “Stenprop”; Ticker: STP.BH) issued a finalisation announcement in respect of their final cash dividend for the year ended 31 March 2017. The full filing stated:
FINALISATION ANNOUNCEMENT IN RESPECT OF THE FINAL CASH DIVIDEND FOR THE YEAR ENDED 31 MARCH 2017
Shareholders are referred to the dividend declaration announcement released on 8 June 2017.
Shareholders on the South African share register will receive their cash dividend in ZAR, converted from Euro at an exchange rate of EUR1:ZAR14.83610. Accordingly, the cash dividend of 4.5 Euro cents per share will be equal to 66.76245 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 66.76245 ZAR cents per share for shareholders exempt from paying South African dividends tax. The net local dividend amount is ZAR53.40996 cents per share for shareholders liable to pay dividends tax at a rate of 20%.
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:GBP0.87858. Accordingly, the cash dividend of 4.5 Euro cents per share will be equal to 3.95361 GBP pence per share. There is no withholding tax payable in Bermuda.
The salient dates and times announced on 8 June 2017 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 primary listing on the Main Board of the JSE and a secondary listing on the Bermuda Stock Exchange.
17 July 2017
Sponsor
Java Capital
Bermuda Stock Exchange sponsor
Estera Securities (Bermuda) Limited
STENPROP LIMITED
(Incorporated in Bermuda)
(Registration number 47031)
BSX share code: STP.BH JSE share code: STP
ISIN: BMG8465Y1093
(“Stenprop”)