Letlole La Rona Ltd (Botswana) declared a final distribution for the period ending 30 June 2022

By Published On: June 27th, 2022Categories: Corporate announcement

Notice is hereby given that on 23 June 2022 the Board of Directors of Letlole La Rona Limited (“LLR”/“The Company”) declared a final distribution for the period ending 30 June 2022. The distribution comprises a dividend of 0.05 thebe and interest of 9.98 thebe per linked unit. This brings the final distribution to 10.03 thebe per linked unit, a total of P28,084,000.00.

The total distribution for the 2021/22 financial year therefore amounts to P51,548,000.00 (being a dividend of 0.10 thebe per share and interest of 18.31 thebe per linked unit).

This compares favourably with a final distribution of 9.4117 thebe per linked unit declared in the prior comparative year, and represents a 6.01 per cent increase of P2,982,008.00 in year-on-year distributions, despite challenges faced by companies and the economy in general as a result of the Covid-19 pandemic.

The declared distribution will be payable to linked unit holders registered in the books of the Company as at the close of business on 15th of July 2022. The Ex-div date is the 13th of July 2022.

The EFTs pertaining to this distribution will be dispatched by the Transfer Secretary on or before the 26th of July 2022.

In line with the requirements of the Botswana Income Tax Act, withholding tax at the applicable rate will be deducted by the Company from interest paid to unit holders unless they are specifically exempted.

The Company processes all payments electronically including distribution payments. ALL payments shall be made via EFT. The Company therefore request that unit holders supply their bank account details to the Transfer Secretary.

The Transfer Secretary’s details are as follows:

Central Securities Depository Botswana (CSDB)
Email: Nonofo Phalatse [email protected] at OR
Ambrosia Khupe at [email protected]
Telephone no: +267 367 4400
The Company Secretary’s details are as follows:
Bothepa Obuseng
Telephone no: +267 318 0301

By Order of The Board
24 June 2022

Letlole La Rona Limited (LETL.bw)

Share price: 305.00 Thebe (5.00 | 1.67% – 10/08/22)

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