• Zimbabwe Stock Exchange (ZSE) declares a final dividend for the full year ended December 31, 2023
  • Dividend payment consists of a blend of United States dollars (US$) and Zimbabwe Gold (ZiG)
  • Shareholders to receive eighty-eight US cents (US$0.88) per share and five point two-five Zimbabwe Gold (ZiG 5.25) per share

Harare- The Zimbabwe Stock Exchange (ZSE) has declared a final dividend from the Company's profits for the full year ended 31 December 2023.

This significant development reflects the ZSE's commitment to rewarding its shareholders and promoting sustainable economic growth in the country.

In a unique blend of currencies, the declared dividend consists of both United States dollars (US$) and Zimbabwe Gold (ZiG). Shareholders will receive eighty-eight US cents (US$0.88) per share, along with five point two-five Zimbabwe Gold (ZiG 5.25) per share.

To provide clarity, the ZiG portion of the dividend is equivalent to ZWL$ 13,109.36, as of the currency changeover date on April 5, 2024.

The dividend payment is scheduled to be disbursed on or around April 29, 2024, to all shareholders registered with the Company as of the close of business on April 26, 2024.

“It is important to note that applicable shareholders' tax will be deducted from the Gross Dividend, in accordance with the prevailing regulations,” the Exchange said.

To ensure a seamless payment process, shareholders are kindly requested to submit or update their mailing and banking details with the Transfer Secretaries.

This will facilitate the timely and accurate transfer of dividends to the rightful recipients.

The ZSE's dividend declaration serves as a testament to the resilience and success of the listed companies within the exchange. It demonstrates their ability to generate profits and create value for shareholders, even in challenging economic circumstances.

As the ZSE continues to play a crucial role in driving economic progress, the dividend declaration showcases the tangible benefits that shareholders can derive from their investments. It serves as a reminder of the potential rewards and wealth creation opportunities available through participation in the Zimbabwean capital market.

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