Meikles Ld Deferment of Interim Dividend Payment

 
TIDMMIK 
 
MEIKLES LIMITED 
                       90 Speke Avenue, Harare, Zimbabwe 
                 Tel: [phone], Fax: + 263 4 252065/7 
                     Email: [e-mail] 
 
                     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. 
 
 
 
END 
 

(END) Dow Jones Newswires

April 07, 2020 02:00 ET (06:00 GMT)