LONDON FINANCE & INVESTMENT GROUP PLC - Unaudited Preliminary Results for the year ended 30 June 2020 and Dividend Declaration

Unaudited Preliminary Results for the year ended 30 June 2020 and Dividend Declaration

London Finance & Investment Group P.L.C.

(Incorporated in England with registered number 201151)
LSE code: LFI
JSE code: LNF
ISIN: GB0002994001
(the ‘Company’)


Unaudited Preliminary Results for the year ended 30 June 2020 and Dividend Declaration

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
Preliminary Results for the year ended 30 June 2019 and the Board’s Dividend Declaration.

Dividend
The Board recommends a final dividend of 0.60p (ZAR 12.61848 cents) per share, making a total of
1.15p (ZAR 24.18542 cents) per ordinary share for the year (2019 – 1.15p). Subject to shareholders’
approval at the Company’s AGM to be held on Wednesday, 25 November 2020, the dividend will be
paid on Wednesday, 2 December 2020 to those shareholders on the register at the close of business
on Friday, 20 November 2020. Shareholders on the South African register will receive their dividend in
South African rand converted from sterling at the closing rate of exchange on Thursday, 17 September
2020 being GBP1= ZAR 21.0308

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, 20 November 2020.

    •   The number of shares in issue as at the dividend declaration date is 31,207,479;
    •   The dividend has been declared from income reserves. 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 date to trade (SA)                      Tuesday, 17 November 2020
   Shares trade ex-dividend (SA)                Wednesday, 18 November 2020
   Shares trade ex-dividend (UK)                Thursday, 19 November 2020
   Record date (UK and SA)                      Friday, 20 November 2020
   Pay date                                     Wednesday, 2 December 2020


The JSE Listings Requirements require disclosure of additional information in relation to any dividend
payments.

Shareholders registered on the South African register are advised that a dividend withholding tax will
be withheld from the gross final dividend amount of ZAR 12.61848 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 ZAR 10.09478 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, 18 November
2020 and Friday, 20 November 2020, both days 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: https://senspdf.jse.co.za/documents/2020/jse/isse/lojm/2020Lonfin.pdf

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
21 September 2020

Date: 21-09-2020 08:00:00
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