On 14 November 2022, subsequent to year-end, the board of directors declared a capital distribution of 40.0 cents per share (2021: 30.00 cents) as a return of contributed tax capital to shareholders recorded in the share register of the company at the close of business on, 15 December 2022. In compliance with IAS 10 - Events after the balance sheet date, the capital distribution will only be accounted for in the financial statements in the year ending 31 August 2023.
The directors have reasonably concluded that the company will satisfy the solvency and liquidity requirements of sections 4 and 46 of the Companies Act, No. 71 of 2008, immediately after the capital distribution. The amount payable to shareholders is R90.3 million, being 40.0 cents per share based on 225 829 248 ordinary shares in issue at the declaration date. The income tax reference number of Trematon Capital Investments Limited is 9340/323/84/0. The salient dates relating to the distribution are as follows: Last date to trade:, 12 December 2022, Ex-date: 13 December 2022, Record date: 15 December 2022, Payment date: 19 December 2022.