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CHOPPIES ENTERPRISES LIMITED - Declaration of dividend number 09 for the six months ended 31 December 2024

Release Date: 20/03/2025 14:00
Code(s): CHP     PDF:  
Wrap Text
Declaration of dividend number 09 for the six months ended 31 December 2024

CHOPPIES ENTERPRISES LIMITED
Registration number BW00001142508
ISIN: BW0000001072
BSE SHARE CODE: CHOP-EQO
JSE SHARE CODE: CHP
Tax Reference Number: C08710401018
("Choppies" or "Company")


DECLARATION OF DIVIDEND NUMBER 09 FOR THE SIX MONTHS ENDED 31 DECEMBER 2024


The Board has declared an interim gross dividend of 1.6 thebe (2023: 1.6 thebe) per ordinary share, payable
to shareholders on Thursday, 8 May 2025.

In accordance with the Company's dividend policy, a dividend cover of three will be maintained. The dividend
has been declared out of income reserves.

The salient dates and tax implication in respect of shareholders registered on the BSE are detailed below:

                                                                                                   2025
 Declaration date                                                                   Wednesday, 19 March
 Last day to trade cum dividend                                                        Tuesday, 22 April
 Trading ex-dividend commences                                                       Wednesday, 23 April
 Record date                                                                             Friday, 25 April
 Dividend payment date                                                                 Thursday, 08 May

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:
                                                                                                2025
 Declaration date                                                                   Wednesday, 19 March
 Currency determination date                                                            Monday, 07 April
 Currency conversion rates announced (Finalisation announcement)                       Tuesday, 08 April
 Last day to trade cum dividend                                                        Tuesday, 22 April
 Trading ex-dividend commences                                                       Wednesday, 23 April
 Record date                                                                             Friday, 25 April
 Dividend payment date                                                                 Thursday, 08 May

The South African register will be closed for the purposes of dematerialisation and rematerialisation from
Wednesday, 23 April 2025 to Friday, 25 April 2025, both dates inclusive, and for transfers between the South
African register and the Botswana register between Monday, 07 April 2025 and Friday, 25 April 2025, 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 Tuesday, 08 April 2025, 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.

The Company has a primary listing on the BSE and a secondary listing on the JSE.


20 March 2024

BSE Sponsoring Broker                                              JSE Sponsor
Motswedi Securities (Pty) Ltd                                      PSG Capital

Date: 20-03-2025 02:00:00
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