EMedia Holdings Limited Declares Final Dividend for the Year Ended 31 March 2020, Payable on June 22, 2020
May 29, 2020 at 11:56 am EDT
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The directors of eMedia Holdings has resolved to declare final dividend for the year ended 31 March, 2020 of 11 cents per share (2019: 8 cents). The dividend payable on June 22, 2020 with record date of June 19, 2020 and commence trading ex dividend of June 19, 2020. The dividend to shareholders relates to the ordinary shares and N ordinary shares. The dividend has been declared out of income reserves. The dividend will be subject to a local dividend withholding tax at a rate of 20%, which will result in a net interim dividend to those shareholders not exempt from paying dividend withholding tax of 8.80 cents per ordinary share and 11 cents per ordinary share for those shareholders who are exempt from dividend withholding tax. In terms of dividend withholding tax legislation, any dividend withholding tax amount due will be withheld and paid over to the South African Revenue Service by a nominee company, stockbroker or central securities depository participant on behalf of shareholders. All shareholders should declare their status to their regulated intermediary as they may qualify for a reduced dividend withholding tax rate or exemption.
eMedia Holdings Limited is a media company. The Company has an interest in a range of television and radio broadcasting sector, with additional assets in the content, properties, and facilities sectors. It operates through the media segment. The Companyâs broadcasting includes e.tv, is private commercial free-to-air television channel; eNCA, which supplies television, mobile and online news to various channels; Platco Digital operates Openview, a free-to-air satellite television platform. Openview also recently added The Home Channel+. In addition to 20 channels on offer, the platform also hosts 28 radio channels, and eVOD, a video and demand platform allowing to watch shows and movies on any device, at any time. The Company also provides property and facilities services, provide solutions for media companies. The Company's subsidiaries include HCI Invest 3 Holdco, Proprietary Limited, eMedia Investments, Proprietary Limited, and others.