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BLUE LABEL INTEGRATED ANNUAL REPORT 2014
DIVIDEND
On 19 August 2014 the Board approved a dividend of 27 cents per ordinary share. The dividend in respect of
ordinary shares for the year ended 31 May 2014 of R182 117 441 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, 5 September 2014
Shares commence trading ex dividend
Monday, 8 September 2014
Record date
Friday, 12 September 2014
Payment of dividend
Monday, 15 September 2014
Share certificates may be dematerialised or rematerialised between Monday, 8 September 2014 and Friday,
12 September 2014, 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.
Dividend tax is provided for at 15% of the amount of any dividend paid by Blue Label Telecoms, subject to certain
exemptions. The dividend 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 were directors of the Company for the year under review:
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
—
Joe S Mthimunye
Independent non-executive director
5 October 2007
—
Mark V Pamensky
Chief Operating Officer
5 October 2007
—
David B Rivkind
Financial Director
5 October 2007
Resigned 14 November
2013
Dean A Suntup
Financial Director
14 November 2013
—
Jeremiah S Vilakazi
Independent non-executive director
19 October 2011
—
DIRECTORS’ REPORT
CONTINUED