Enhanced Investments - Financial Portal

Cash payment in respect of scrip distribution fractional entitlements

Published: 2023-04-13 14:04:24 ET

LIGHTHOUSE PROPERTIES p.l.c.
(Registered in Malta)
(Registration number: C 100848)
JSE share code: LTE
ISIN: MU0461N00015
LEI: 549300UG27SWRF0X2U62
(“Lighthouse”)



CASH PAYMENT IN RESPECT OF SCRIP DISTRIBUTION FRACTIONAL ENTITLEMENTS


Lighthouse shareholders are referred to the declaration announcement released on SENS on Wednesday,
22 March 2023 and the circular distributed to shareholders in respect of a scrip distribution of 1.62500 EUR cents
per share (“Scrip Distribution”), with an alternative cash distribution option of 1.46250 EUR cents per share.

The allocation of new Lighthouse shares will be such that shareholders who receive the Scrip Distribution will not
be allocated a fraction of a new Lighthouse share and as such any entitlement to receive a fraction of a new
Lighthouse share will be rounded down to the nearest whole number and the value of the fraction will be paid to
shareholders, less dividend withholding tax at a rate of 20%, which may be payable by shareholders liable for
dividend withholding tax.

Shareholders are advised that the fraction rate has been calculated as the volume weighted price of a Lighthouse
share traded on the JSE on Wednesday, 12 April 2023 of 675.66790 ZAR cents (33.37489 EUR cents) converted at
an exchange rate of ZAR20.24480:EUR1.00 (determined as the closing foreign exchange rate on Wednesday, 12
April 2023) discounted by 10%, being 608.10111 ZAR cents (30.03740 EUR cents) per Lighthouse share. The gross
fraction rate to be paid will be 608.10111 ZAR cents (30.03740 ZAR cents). The net fraction rate to be paid will be
486.48089 ZAR cents for payments which are subject to dividend withholding tax.

13 April 2023


          JSE sponsor and corporate advisor                                     Company Secretary




                                                            Stonehage Fleming Malta Limited is a member of the Stonehage Fleming
                                                                                    Group of Companies
                   Tel: +27 11 722 3050                                          Tel: +356 2144 6377

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.