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Declaration of dividend for the six months ended 31 December 2023
CHOPPIES ENTERPRISES LIMITED
Registration number BW00001142508
ISIN:BW0000001072
BSE SHARE CODE: CHOP-EQO
JSE SHARE CODE: CHP
Tax Reference Number: C08710401018
("Choppies" or "Company" or "Group")
DECLARATION OF DIVIDEND FOR THE SIX MONTHS ENDED 31 DECEMBER 2023
The Board has declared an interim gross dividend of 1.6 thebe (2022: Nil thebe) per ordinary share, payable
to shareholders on Tuesday, 16th April 2024. In accordance with the dividend policy adopted at the time of
the Botswana Stock Exchange ("BSE") listing, a dividend cover of three will be maintained.
The salient dates and tax implication in respect of shareholders registered on the BSE are detailed below:
2024
Declaration date Thursday, 29 February
Last day to trade cum dividend Tuesday, 02 April
Trading ex-dividend commences Wednesday, 03 April
Record date Friday, 05 April
Dividend payment date Tuesday, 16 April
The dividend has been declared out of income reserves.
In terms of the Dividends Tax, the following additional information is disclosed:
1. The local Dividend Tax rate is 10%.
2. The net local dividend amount is 1.6 thebe per share for shareholders exempt from paying Dividends Tax
and 1.44 thebe per share for shareholders liable to pay Dividends Tax.
3. The issued ordinary share capital of the company as at the date of this declaration is 1 824 461 674
ordinary shares.
The salient dates in respect of shareholders registered on the Johannesburg Stock Exchange ("JSE") are
detailed below:
2024
Declaration date Thursday, 29 February
Currency determination date Thursday, 14 March
Currency conversion rates announced Friday, 15 March
Last day to trade cum dividend Tuesday, 02 April
Trading ex-dividend commences Wednesday, 03 April
Record date Friday, 05 April
Dividend payment date Tuesday, 16 April
The South African register will be closed for the purposes of dematerialisation and rematerialisation from
Wednesday, 03 April 2024 to Friday, 05 April 2024, both dates inclusive, and for transfers between the South
African register and the Botswana register between Friday, 15 March 2024 and Friday, 05 April 2024 both
dates inclusive.
The exchange rate applicable for the conversion of Pula (BWP) to ZAR and tax implications for payment to
shareholders on the South African register will be confirmed in a separate announcement to be released on
SENS on Friday, 15 March 2024, being the finalisation date. In respect of shareholders registered on the
JSE, the dividends payable are subject to withholding tax as required under the South African Income Tax
Act.
This dividend is treated as a foreign dividend. The source of funds is Botswana.
This interim dividend is the first dividend since the FY2017, marking a key milestone in the performance of
the Group and the return of value add to shareholders.
The Company has a primary listing on the BSE and a secondary listing on the JSE.
29 February 2024
BSE Sponsoring Broker JSE Sponsor
Stockbrokers Botswana Limited PSG Capital
Date: 29-02-2024 09:00:00
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