Declaration of final dividend and potential share repurchase programme

26-06-2018

Name of Issuer Senwes Limited
Country of Incorporation ZA
Registration Number 1997/005336/06
ISIN Number ZAEZ00000018
Share Code ZXSWS

Declaration of final dividend and potential share repurchase programme

NOTICE IS HEREBY GIVEN that on 26 June 2018 the Company has declared a final dividend, dividend no. 35 of 27 cents per share for the final period ended 30 April 2018, subject to confirmation by shareholders at the annual general meeting.

Important dates for shareholders of ordinary shares

Date 2018
Last date to trade (finalisation date) Tuesday, 21 August before 9:00
Record date for dividend Wednesday , 22 August
Payment date Friday, 31 August

As the Company is listed on ZAR X, the dividend distribution will be facilitated by STRATE Ltd through the South African Multiple Option Settlement System, which provides for real-time settlement, on the payment date, directly into the bank accounts of shareholders.

Dividend tax at the rate of 20% from the amount of the gross dividend of 27 cents per share will be withheld, unless a shareholder qualifies for exemption. After the dividend tax has been withheld, the net dividend will be 21, 6 cents per share.

As per Senwes’ well-known strategy of continuous value creation and unlocking, shareholders are advised that dependant on compliance with the provisions of section 48 of the Companies Act, 2008, the Board of Directors may again resolve to approve a share repurchase programme as from September 2018 on the market, after the annual general meeting, against then prevailing market prices. In the event, further details will be provided to shareholders.

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By order of the Board of Directors.

Date: 26-06-2018 Place: Klerksdorp
Company Secretary: EM JOYNT (e-mail: Elmarie.joynt@senwes.co.za)
Notifications Officer: CLAUDI SMIT (e-mail:Claudi.smit@senwes.co.za)