Distell Group Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2015; Declare Gross Cash Dividend for the Interim Period Ended December 31, 2015, Payable on March 22, 2016; Announces Resignation of E De La H Hertzog as Non-Executive Director
Normalised headline earnings was ZAR 1,163,636,000 against ZAR 996,302,000 a year ago. Net cash generated from operating activities was ZAR 1,142,445,000 against ZAR 1,703,687,000 a year ago. Capital expenditure for the period amounted to ZAR 411.6 million against ZAR 305.7 million a year ago.
The directors of Distell Group Limited have resolved to declare a gross cash dividend, number 55, of 165.0 cents (2014: 158.0 cents) per share for the interim period ended December 31, 2015. The dividend has been declared from income reserves. The dividend withholding tax, levied at 15%, will amount to 24.75 cents per ordinary share. As a result, ordinary shareholders who are liable to pay dividends tax will receive a net dividend amount of 140.25 cents per share. The dividend will be payable to shareholders on record on March 18, 2016, and will be paid on March 22, 2016. The last day to trade cum dividend will be on March 11, 2016, and shares commence trading ex-dividend from March 14, 2016.
Dr. E de la H Hertzog resigned as non-executive director, effective February 17, 2016.