The Group is re-investing most of its free funds into its bedding and lounge suite manufacturing businesses to significantly increase the manufacturing capacity as a way to meet available demand. As a result, the Board has declared an interim dividend of 24.5 ZWL cents per share, based on historical results, in respect of all ordinary shares of the Company. The dividend is payable in respect of the interim period ended 31 December 2020 and will be paid in full to all shareholders of the Company registered at close of business on the 9th of April 2021. The payment of this dividend will take place on or around the 29th of April 2021. The shares of the Company will be traded cum-dividend on the Zimbabwe Stock Exchange up to the 6th of April 2021 and ex-dividend as from the 7th of April 2021.
The Board has also declared an interim dividend totaling ZWL$6.2 million to the Axia Employee Share Trust (Private) Limited which will be paid on or around the same date.
