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INVESTEC BANK MAURITIUS LIMITED - Preference share dividend announcement

Release Date: 03/08/2021 17:45
Code(s): IMRP4     PDF:  
Wrap Text
Preference share dividend announcement

Investec Bank (Mauritius) Limited
Incorporated in the Republic of Mauritius
Company Registration number 8752/3362
Business Registration number C09008752
JSE Share Code: IMRP4
JSE Issuer Code: IVES
ISIN: MU0455S00032
LEI Number: 213800VEN92NOOOJF520

Preference share dividend announcement

Class IMRP4 redeemable cumulative non-participating unsecured listed no par value preference
shares (“preference shares”)

Declaration of dividend number 21

Notice is hereby given that preference dividend number 21 has been declared from retained earnings
for the period from 01 July 2021 to and including 26 August 2021 amounting to 186.13983 USD cents
per Preference Share, converted to 2,689.81361 ZAR cents per Preference Share (using a ZAR/USD
exchange rate of 14.45050 as at 02 August 2021) payable to the Preference Shareholders as recorded
in the books of Investec Bank (Mauritius) Limited (“the Company”) at the close of business on Friday,
20 August 2021.

The relevant dates relating to the payment of dividend number 21 are as follows:

Last day to trade cum-dividend                                         Tuesday, 17 August 2021
Preference Shares commence trading ex-                                 Wednesday, 18 August 2021
Record Date                                                            Friday, 20 August 2021
Payment Date                                                           Friday, 27 August 2021

Preference Share certificates may not be dematerialised or rematerialised between Wednesday,
18 August 2021 and Friday, 20 August 2021, both dates inclusive.

Additional information to take note of:
•   The Company’s tax reference number: 25003203
•   The number of issued Preference Shares in Class IMRP4 of the capital of the Company is 23 000
    Preference Shares
•   The dividend paid by the Company is a foreign dividend and is subject to South African Dividend
    Tax (Dividend Tax) of 20% (subject to any available exemptions or reductions in terms of Double
    Tax Agreements as legislated) equal to 537.96272 ZAR cents per Preference Share
•   Preference Shareholders who are exempt from paying the Dividend Tax will receive a gross
    dividend of 2,689.81361 ZAR cents per Preference Share
•   Preference Shareholders who are not exempt from paying the Dividend Tax will receive a net
    dividend of 2,151.85089 ZAR cents per Preference Share.

Scheduled Redemption
The Preference Shares are scheduled to be redeemed on 27 August 2021, however the Company has
expressed its intention to extend the redemption date, subject to approval by the Preference
Shareholders. Further announcements will be made in this regard in due course.

By order of the board
P Jeewooth
Company Secretary
Investec Bank (Mauritius) Limited

03 August 2021

Investec Bank Limited

Date: 03-08-2021 05:45:00
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