Monday
3rd October 2016
LONDON FINANCE & INVESTMENT GROUP
P.L.C.
(“Lonfin”, “the Company” or “the
Group”)
ORDINARY SHARE
DIVIDEND DECLARATION
London Finance & Investment Group P.L.C. (LSE: LFI, JSE:
LNF), the investment company whose assets primarily consist of
Strategic Investments and a General Portfolio, today announces a
final dividend payable in respect of its Ordinary Shares
.
Following the announcement of its unaudited preliminary results
for the year ended 30th June
2016, the Board recommends a final dividend of 0.55p per
ordinary share, making a total of 1.05p per ordinary share for the
year (2015 – 1p). Subject to shareholders’ approval at the
Company’s Annual General Meeting on 30th November 2016, the dividend will be paid on
9th December 2016 to those
shareholders on the register at the close of business on 18th
November 2016. Shareholders on the Johannesburg register will receive their
dividend in South African rand converted from sterling at the
closing rate of exchange on 23rd September
2016 being GBP1= ZAR 17.7257.
The number of ordinary shares in issue as at the declaration
date is 31,207,479 and the Company’s UK Income Tax reference number
is 948/L32120.
Dividend dates:
Last date to trade
(SA)
Tuesday, 15th November
2016
Shares trade ex dividend (SA) Wednesday,
16th November 2016
Shares trade ex dividend (UK) Thursday 17th
November 2016
Record date (UK and
SA) Friday
18th November 2016
Pay
date
Friday 9th December
2016
The JSE Listings Requirements require disclosure of additional
information in relation to any dividend payments.
Shareholders registered on the Johannesburg register are advised that the
dividend withholding tax will be withheld from the gross final
dividend in the amount of 9.74914 SA cents per share at a rate of
15% unless a shareholder qualifies for an exemption; shareholders
registered on the Johannesburg
register who do not qualify for an exemption will therefore receive
a net dividend of 8.28677 SA cents per share. The dividend is
payable in cash as a ‘Dividend’ (as defined in the South African
Income Tax Act, 58 of 1962, as amended) by way of a reduction of
income reserves. The dividend withholding tax and the
information contained in this paragraph is only of direct
application to shareholders registered on the Johannesburg register, who should direct any
questions about the application of the new dividend withholding tax
to Computershare Investor Services (Pty) Limited, Tel: +27 11
373-0004.
Share certificates may not be dematerialised or rematerialised
between Wednesday, 16th November
2016 and Friday 18th November 2016, both days inclusive. Shares
may not be transferred between the registers in London and South
Africa during this period either
3rd October
2016
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
The directors of the Company accept responsibility for the
contents of this announcement.
For further information, please contact:
London Finance & Investment Group
P.L.C.:
020 7796 9060
(David Marshall/Edward Beale)
Johannesburg Sponsor:
Sasfin Capital (a division of Sasfin Bank Limited)
Copies of this notification are held at the Company’s office, 6
Middle Street, London, EC1A 7JA
(tel. 020 7796 9060) and are available for a period of 14 days from
the date of this announcement.