Discovery Limited Declares Interim Preference Share Dividend

Discovery Limited has announced the declaration of an interim preference share dividend. The dividend, declared by the company’s directors on Wednesday, 28 February 2024, pertains to the period from 1 July 2023 to 31 December 2023.

Details of the Dividend

• The declared interim gross cash dividend amounts to 592.32877 cents per B preference share.
• After the deduction of dividend withholding tax, the net dividend per B preference share stands at 473.86302 cents.
• Shareholders who are not exempt will be subject to a dividend withholding tax of 20%.
• The total issued preference share capital at the declaration date is 8 million B Preference shares.

Key Dates for Shareholders

Restrictions on Preference Share Certificates:

During the period from Tuesday, 19 March 2024, to Friday, 22 March 2024, both days inclusive, B preference share certificates may neither be dematerialised nor rematerialised.

Reaction and Analysis:

The declaration of this interim preference share dividend by Discovery Limited reflects the company’s commitment to delivering value to its shareholders. The dividend serves as a reward for shareholders’ investment in the company and is based on the performance of Discovery Limited during the specified period.