In view of the prevailing environment, and given the need to maintain appropriate levels of working capital to support the Group’s role in national food security, the Board has adopted a prudent approach in determining the interim dividend.
The Board is pleased to declare an interim dividend of 13.73 ZWL cents per share payable in respect of all ordinary shares of the Company. This interim dividend is in respect of the financial year ending 30th June 2020 and will be payable in full to all the shareholders of the Company registered at the close of business on the 3rd of April 2020. The payment of this dividend will take place on or about the 17th of April 2020. The shares of the Company will be traded cum–dividend on the Zimbabwe Stock Exchange up to the market day of the 31st of March 2020 and ex-dividend as from the 1st of April 2020.
The Board has also declared an interim dividend totalling ZWL3.878m to Innscor Africa Employee Share Trust (Private) Limited.