New African Properties Limited (Botswana) declares a dividend distribution of 14.75 thebe per linked unit

By Published On: July 26th, 2022Categories: Corporate announcement, Dividends

Distribution number 22 amounting to 14.75 thebe per linked unit, comprising 14.25 thebe debenture interest and 0.50 thebe dividend, was declared on 21 July 2022. The key dates for this distribution are:

Ex-distribution date : 21 September 2022
Record date to participate in distribution: 23 September 2022
Payment: 5 October 2022

Withholding taxes will be deducted where applicable.

Total distributions for the year of 29.01 thebe are 6.1% above the 2021 comparative and are based on the Board’s estimate of total distributable income for the year. This excludes non-distributable components of profit.

In addition to distributable income, NAP’s profit is impacted by fair value and other accounting adjustments which are non-cash items and do not impact distributable income. The year end valuation process is currently underway and we are uncertain of the impact that these valuations will have on profit before tax at this time.

For New African Properties Limited

J.T. Mynhardt

T.L.J. Mynhardt
Managing Director

Company Secretary
DPS Consulting Services Pty Ltd
Plot 28892 (Portion of Plot 50370), Twin Towers, West Wing – First Floor
Fairgrounds, Gaborone
(PO Box 1453, Gaborone, Botswana)

New African Properties Limited (

Share price: 340.00 Thebe (0.00 | 0.00% – 10/08/22)

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