Meikles Ld - Deferment of Interim Dividend Payment
07 Avril 2020 - 8:00AM
PR Newswire (US)
MEIKLES LIMITED
90 Speke Avenue, Harare,
Zimbabwe
Tel: +263 4 252068-71, Fax: + 263 4 252065/7
Email: reception@meikleslimited.co.zw
DEFERMENT OF
INTERIM DIVIDEND PAYMENT
The Board of Directors of Meikles Limited would like to advise
shareholders that they will be deferring the payment of the Interim
Dividend as announced in the Dividend Notice of 10 March 2020. The delay in paying the dividend
is due to the current national efforts to contain the spread of
Corona Virus, which has led to a national lockdown that has
resulted in an inability to effect the normal administrative
procedures relating to the payment of the dividend. Due to the
extraordinary circumstances that we find ourselves in and with
consultation with other parties in the dividend payment process, a
decision to defer the payment was made and the Zimbabwe Stock
Exchange granted permission to defer payment to on or about
30 April 2020.
It is understood that Shareholders will be disappointed in the
delay. Consideration will be given to a second interim dividend
declaration once the lockdown is over to account for the falling
value of money through inflation.
By Order of the Board
T Mpofu
Company Secretary
6 April 2020.
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