| Shareholders are referred to the Company’s announcements on SENS dated 21 February 2025 and 11 March 2025 respectively and the circular that was distributed to shareholders on Wednesday, 5 March 2025, in respect of the scrip dividend of 17.82809 for every 100 ordinary shares, to ordinary shareholders recorded in the Finbond register on the record date, being Friday, 28 March 2025 (“scrip dividend”) and the gross cash dividend alternative of 9.57071 cents per share(“cash dividend”). |
| Shareholders who have already dematerialised their Finbond shares are reminded to notify their duly appointed participant or broker of their election in terms of the cash dividend by no later than 12:00 on Friday, 28 March 2025. For the avoidance of doubt, if no action is taken by shareholders, they will receive the scrip dividend. |
| Shareholders, who are holding certificated Finbond shares and wish to elect to receive the cash dividend alternative, must complete the Form of Election included in the circular by the instructions contained therein and lodge it with, or post it to JSE Investor Services (Pty) Ltd, One Exchange Square, 2 Gwen Lane, Sandown, Sandton, 2196, (PO Box 4844, Johannesburg, 2000) or email it to specialprojects@jseinvestorservices.co.za to be received by them by no later than noon on Friday, 28 March 2025. |
| As the scrip dividend does not constitute a dividend as defined in the Income Tax Act, no withholding tax is applicable thereon. The ordinary shares to be allotted under the scrip dividend will be issued from available treasury shares. Based on elections received to date no new shares will be issued. Shareholders are advised that the transfer of treasury shares will be subject to Securities Transfer Tax (“STT”) levied at 0.25%. Shareholders are advised to obtain their professional advice about the possible tax implications of receiving the scrip dividend. |
| Where a shareholder’s entitlement to new ordinary shares calculated by the scrip dividend formula gives rise to a fraction of a new ordinary share, such entitlement will be rounded down to the nearest whole number resulting in allocations of whole securities and a cash payment to the shareholder for the fraction. Any fractional entitlement payment will also be subject to a 20% withholding tax, as correctly stated in the abovementioned SENS announcements dated 21 February 2025 and 11 March 2025. |
| For the full document click the link below: |
| Finbond Group Limited |
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