ZXORE- INFORMATION REGARDING A DIVIDEND DECLARATION

06-12-2021

Name of Issuer Orion Real Estate Limited
Country of Incorporation Republic of South Africa
Registration Number 1997/021085/06
ISIN Number ZAEZ00000067
Share Code ZXORE

 

Shareholders are referred to the results announcement published on ZAPS on 25 October 2021 where shareholders were advised that as a result of the tax losses brought forward from prior years the amount of the final dividend to be declared is still uncertain.

The Company has completed its review and resubmission of historical tax returns and advised that due to an assessable loss brought forward, no distributable profits is available for distribution as a dividend for the nine months ended 30 June 2021.

Accordingly, in compliance with sections 12.2 and 12.4 of the Listings Requirements of ZAR X, shareholders are advised that no dividends will be declared for the period ended 30 June 2021.

However, the Company continues to operate well and distribution is expected for the current year.

 

Appointed Advisor

AcaciaCap Advisors Proprietary Limited

Johannesburg

6 December 2021