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NEW FRONTIER PROPERTIES LIMITED - Dividend declaration and salient dates

Release Date: 13/04/2018 14:01
Code(s): NFP
Wrap Text
Dividend declaration and salient dates

New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL)
SEM share code: NFP.N000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier”)

DIVIDEND DECLARATION AND SALIENT DATES

The board of directors of New Frontier (“the Board”) has declared an interim gross dividend of 3.0 GBP pence per share for the
six months ended 28 February 2018 out of New Frontier’s distributable profits.

The salient dates for the dividend payment on the SEM and the JSE are set out below:

                                                                                                                   2018
 Announcement of GBP to South African Rand conversion rate on or before                                 Friday, 20 April
 Last day to trade cum dividend                                                                         Monday, 30 April
 Securities trade ex dividend                                                                           Wednesday, 2 May
 Record date                                                                                               Friday, 4 May
 Payment date on or after                                                                                  Monday, 7 May

No dematerialisation or rematerialisation of share certificates may take place between Wednesday, 2 May 2018 and Friday, 4
May 2018, both dates inclusive. No transfer of shares between sub-registers in Mauritius and South Africa may take place 
between Friday, 20 April 2018 and Friday, 4 May 2018, both dates inclusive.

South African shareholders are advised that the dividend will be regarded as a foreign dividend and may be subject to South
African dividends withholding tax. Accordingly South African shareholders may be subject to a dividend withholding tax rate of
20%, unless an exemption, as set out in the South African tax legislation, applies. The receipt of the cash dividend may have 
tax implications for shareholders who are resident in Mauritius or other countries other than South Africa. New Frontier 
shareholders are advised to consult their professional advisors regarding the tax consequence of the dividend should they be 
in any doubt as to the appropriate action they should take.

Shareholders on the South African register will receive the dividend in South African Rand, based on the exchange rate to be
obtained on or before Friday, 20 April 2018. Further information relating to the proportion of the dividend to be paid as a 
property income distribution (“PID”) and the dividend tax to be withheld from shareholders on the South African register will 
be announced in the exchange rate announcement on or before Friday, 20 April 2018.

At the date of this announcement, New Frontier’s issued share capital was 160,935,407 ordinary shares of no par value.

New Frontier holds primary listings on the SEM and the Alternative Exchange of the JSE.

By order of the Board

13 April 2018

This notice is issued pursuant to SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of Reporting
Issuers) Rules 2007. The Board of New Frontier Properties Ltd accepts full responsibility for the accuracy of the information 
in this notice

For further information please contact:

JSE sponsor
Java Capital                                    +27 11 722 3050

Company secretary
Osiris Corporate Solutions (Mauritius) Ltd      +230 650 4030

Date: 13/04/2018 02:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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