PRIME
TI E
PrimeTime Property Holdings Limited
Incorporated in the Republic of Botswana on 29 August 2007, Company No. BW00000877365
INTEREST DISTRIBUTION TO LINKED UNITHOLDERS
Notice is hereby given that a final interest distribution comprising interest of 1.33 thebe per. linked unit in respect of the year ended 31 August 2021 has been declared payable.
In addition, an interim interest distribution comprising interest of 3.71 thebe per. linked unit in respect of the year ended 31 August 2022 (covering the 4-month period to 31 December 2021) has been declared payable.
The two payments combined, being 5.04 thebe per. linked unit (gross), will be paid together. The timetable for this payment is as follows:
Declaration date | 8 March 2022 |
Ex-interest date | 22 March 2022 |
LDR | 24 March 2022 |
Payment date | 31 March 2022 |
The Board has continued to take a conservative view and retain 20% of the distributable profits (after servicing all debt and capital items) generated since the Covid outbreak in March 2020. This is being held as a safeguard to ensure that all amortising debt obligations and essential property maintenance can continue to be effectively managed.
In the current financial year major property renovations being funded from profits include the completed South Ring Mall refurbishment and large new tenant fitouts. P21 million of amortising debt has also been scheduled for settlement this year as part of our longer term strategy to reduce the LTV ratio for the group.
By order of the Board:
P Matumo
Chairlady
Gaborone, 8 March 2022
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PrimeTime Property Holdings Limited published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 15:12:02 UTC.