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CAFCA LIMITED - Dividend Declaration Notice

Release Date: 19/11/2024 16:52
Code(s): CAC     PDF:  
Wrap Text
Dividend Declaration Notice

Cafca Limited
Incorporated in terms of the laws of Zimbabwe(Zimbabwe
Registration number:401/1945)
Share Code: CAC
ISIN Code: ZW0009011942
("CAFCA" or "the Company")


DIVIDEND DECLARATION NOTICE


Notice is hereby given that the Board declared a final
dividend of USD4.90 cents per share for the year ended 30
September 2024 payable in full to all the ordinary
shareholders of CAFCA LTD. The dividend will be payable
in full to all shareholders of the Company registered at
the close of business on Friday, 24 January 2025.

The payment will take place on Monday, 27 January 2025.

The dividend will be subject to SA Dividends Tax at a
rate of 20%, unless a shareholder qualifies for an
exemption.

The double tax agreement between South Africa and
Zimbabwe is 10%. As such, a South African shareholder
that receives a dividend, which is subject to South
Africa (where no exemption is in place) will qualify for
a 10% rebate from SA Dividends Tax, being the Zimbabwean
Withholding Tax of 10%.

The ultimate result is that the dividend will be subject
to a reduced withholding tax rate of 10% and subject to
SA Dividends Tax rate of 10%.

The shares of the Company will be traded cum dividend on
the Zimbabwe Stock Exchange and the Johannesburg Stock
Exchange up to the market day of Tuesday 21 January 2025
and ex dividend as from Wednesday,22 January 2025.
   
Share certificates may not be dematerialised or
rematerialised between Wednesday, 22 January 2025 and
Friday, 24 January 2025.

A further announcement will be made before 11:00SAST on
Tuesday,21 January 2025 stating the exchange rate of the
South African Rand.

Shareholders are requested to submit/update their mailing
and banking details with the Transfer Secretaries to
enable the payment of their dividends on the following
contacts.

Zimbabwe Transfer Secretaries
First Transfer Secretaries (Pvt) Ltd
1 Armagh Avenue
Eastlea
Harare

Telephone: +263 4 782869/72 or 776628/49/59/69/74

Email: info@fts-net.com



South African Transfer Secretaries
Computershare Investor Services
Rosebank Towers
15 Bierman Avenue
Rosebank,2196 South Africa

Telephone: +27 11 688 5248

Email:Charmaine.Jacobs@computershare.co.za


By order of Board



C Kangara
Company Secretary
19 November 2024

Directors: H.P. Mkushi (Chairman) E.T.Z. Chidzonga T.Chigumbu L.Corte   S. Mangwengwende
                                 S.Maparura J.Tapambgwa


Date: 19-11-2024 04:52:00
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