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.