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BLUE LABEL INTEGRATED ANNUAL REPORT 2015
DIRECTORS’ REPORT
CONTINUED
DIVIDEND
On 18 August 2015 the Board approved a dividend of 31 cents per ordinary share. The dividend in respect of
ordinary shares for the year ended 31 May 2015 of R209 097 803 has not been recognised in the financial
statements as it was declared after this date. The salient dates are as follows:
Last date to trade cum dividend
Friday, 4 September 2015
Shares commence trading ex dividend
Monday, 7 September 2015
Record date
Friday, 11 September 2015
Payment of dividend
Monday, 14 September 2015
Share certificates may be dematerialised or rematerialised between Monday, 7 September 2015 and Friday,
11 September 2015, both days inclusive.
Before declaring the final dividend the Board applied the solvency and liquidity test on the Company and
reasonably concluded that the Company will satisfy the solvency and liquidity test immediately after payment of
the final dividend. The final dividend will be paid 26 days after the Directors have performed the solvency and
liquidity testing.
Dividends tax is provided for at 15% of the amount of any dividend paid by Blue Label Telecoms, subject to
certain exemptions. The dividends tax is a tax borne by the beneficial owner of the dividend and will be
withheld by either the issuer of the dividend or by regulated intermediaries.
DIRECTORATE
The following are the details of the Company’s Directors:
Name
Office
Appointment date
Date and nature of
change
Larry M Nestadt
Independent Non-Executive Director 5 October 2007
—
Brett M Levy
Joint Chief Executive Officer
1 February 2007
—
Mark S Levy
Joint Chief Executive Officer
1 February 2007
—
Kevin M Ellerine Non-Executive Director
8 December 2009 —
Gary D Harlow Independent Non-Executive Director 5 October 2007
—
Neil N Lazarus SC Non-Executive Director
5 October 2007
Resigned 27 January 2015
Yusuf Mahomed Independent Non-Executive Director 18 August 2015
Appointed 18 August 2015
Joe S Mthimunye Independent Non-Executive Director 5 October 2007
—
Mark V Pamensky Chief Operating Officer
5 October 2007
—
Dean A Suntup
Financial Director
14 November 2013 —
Jeremiah S Vilakazi
Independent Non-Executive Director 19 October 2011
—