Phuthuma Nathi, the Multichoice B-BBEE investment scheme, will be paying out R1.3 billion (about R19.50 per share) as 2018 dividend bringing further joy to its investors. The 2018 dividend boosts total dividend paid during the life of this B-BBEE investment scheme to more than R10 billion making it one of the best performing B-BBEE schemes in the country.
The scheme launched in 2006 has benefited handsomely from the sterling performance posted by Multichoice, a subsidiary of globalising media giant Naspers. Multichoice has been printing money from its paid television operation which has conquered large parts of the sub-Saharan Africa market.
Phuthuma Nathi chairperson, Mandla Langa, said the Broad-Based Black Economic Empowerment (B-BBEE) investment scheme amounts to “an economic transformation success story.” He said the dividends made by the scheme since launch in 2006 “make a big difference in the lives of our shareholders.”
The 2018 dividend is organised as follows:
- A dividend of 1 955,56 cents per ordinary share will be declared to ordinary shareholders of Phuthuma Nathi whose names are in the securities register on Thursday 30 August 2018.
- A dividend of 1 955,56 cents per ordinary share will be declared to ordinary shareholders of Phuthuma Nathi 2 whose names are in the securities register on Thursday 30 August 2018.
- Phuthuma Nathi and Phuthuma Nathi 2 shareholders will be paid 1 564,45 cents per ordinary share, after deduction of 20% dividend tax, on or about Thursday 6 September 2018.
Phuthuma Nathi management said shareholders who have not received their dividends are requested to contact the call centre on 0860 116 226.
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