Understanding Phuthuma Nathi Letter from the Phuthuma Nathi chair continued Closing The MultiChoice SA and Phuthuma Nathi AGMs will be held on Wednesday 23 August 2023 at 11:00. The AGM will be held at MultiChoice City 144 Bram Fischer Drive, Randburg. The company reserves the right to amend the means by and manner in which the AGM is convened, as well as any details regarding the process for registration and submission of forms of proxy, by notifying shareholders by no later than seven days prior to the date of the AGM through the issue of an announcement on the EESE website and/or publishing a notice on the company’s corporate website and/or publishing a notice in widely circulated print media and/or any other means that the board of the company may determine appropriate for such noti cation to shareholders. From myself and my colleagues on the board, thank you for your continued support. I look forward to engaging with you at our AGM. As always, we welcome your feedback and input on our integrated annual report and on how we can continue improving our reporting in the future. Please share your feedback with us by emailing cosec@multichoice.com. Mandla Langa Chair: Phuthuma Nathi Dividend The MultiChoice SA board has recommended a dividend of ZAR5.5bn to its shareholders (2022: ZAR6.0bn). Phuthuma Nathi will receive ZAR1.375m of this amount. The Phuthuma Nathi board intends to distribute the full amount received and declare a dividend of ZAR1.375bn (2022:ZAR1.5bn) which amounts to ZAR20.37 (2022: ZAR22.22) per Phuthuma Nathi share. The declaration of the ZAR1.375bn Phuthuma Nathi dividend is subject to the approval of the MultiChoice SA dividend of ZAR5.5bn, which will be con rmed at the MultiChoice SA AGM on 23 August 2023. On approval, the Phuthuma Nathi dividend will be payable to shareholders recorded in the share register on 23 August 2023 and paid on or about 4 September 2023. After the 20% dividend tax amounting to ZAR4.07 per share (2022: ZAR4.44) is deducted, Phuthuma Nathi shareholders will receive a net dividend of ZAR16.30 per share (2022: ZAR17.78). We would like to remind our shareholders that some of their Phuthuma Nathi dividends that were declared in prior years remain unclaimed. To date, more than ZAR108.5m of unclaimed dividends have been paid but there is still ZAR203.9m remaining to be claimed and we hope that the entitled owners come forward to claim payment in due course. Directors and company secretary During FY23, the Phuthuma Nathi board consisted of four directors: Mandla Langa, Clarissa Mack, Calvo Mawela and Herman Wessels. Clarissa Mack and Herman Wessels retired from the board on 6 June 2023. Advocate Kgomotso Ditsebe Moroka SC and James Hart du Preez were recently appointed as directors by the board and will stand for election by shareholders at the upcoming AGM. Carmen Miller is the company secretary. The pro les of the current directors are on page 15. Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 10
RkJQdWJsaXNoZXIy MTAwNDEy