All Welkom Yizani, the black economic empowerment shares of media group Media 24, will receive a dividend of 34 cents a share for the 2020 financial year.
Welkom Yizani holds 15% stake in Media 24, a print media domination operation in the Naspers stable.
Welkom Yizani investors will receive a dividend of R6.2 million in 2020 resulting in a dividend of 42.5 cents a share before tax, said Media 24 in its annual report.
Welkom Yizani, Media24’s broad-based black economic empowerment scheme, began trading its shares on the Equity Express Securities Exchange (EESE) in November 2018.
In 2016, Naspers, a preference shareholder in Welkom Yizani, waived R434 million in preference share debt and accrued interest owed by Welkom Yizani under scheme rules.
To date, R283 million has been paid to investors in dividend.
The major shareholders (top five) of Welkom Yizani are The Rubato Trust (8%), The Kumbule Trust (2%), Sello Soulman Nakedi (1%), Naspers Opvoedingtrust (1%) and Prevesh Hemrajh (1%).
The remaining shares are held by a vast group of individuals and other entities.
Investors paid in a subscription of R10.00 per share at the establishment of the scheme in 2006.
In the past 12 months, the share price has reached a low of R6.51 per share and at the same time shot up to a high of R11.99 per share.
The stock was on Friday midday trading at R8.25 per share and yesterday was at R7.00 per share. This is way below the subscription price of R10.00 per share.
Investors of Welkom Yizani are losing money on this stock.
The more the share price is trapped below the R8.00 level it means Welkom Yizani investors who want to sell will make a big loss.
Currently, there are 14.6 million Welkom Yizani shares valued at R102 million
16 Comments
Good day Madam/Sir.
Can you please inform me more in my email address about this kind of share,
For regards,
Thank you.
Good morning since joined Welkom Yezani on 2006 can you please tell me what is happening with my shares
https://techfinancials.co.za/2020/12/03/media24-to-buy-out-welkom-yizani-investors-and-delist-the-empowerment-scheme/
Good morning since joined Welkom Yezani on 2006 can you please tell me what is happening with my shares
Evening can you please inform me about my shares
Hi can u please tell me what is happening with my shares.
update details aswell . I JOINED IN 2006
MAGLIN
Hi
Im Sizwe I would like to have someone assist me with claiming shares from media 24
Hi can u please tell me what is happening with my shares.
I joined in 2006
contact welkom yizani
Good day I would like an update on my shares I joined 2006.
Call Tel: 860 12 12 24
I would like to know about my shares I joined in 2007
I will like to know how much I have accumulated on my shares since 2006.
Hi I will like to sell my share I bought in 2006 can someone inform me how much are they worth
I would like to know how much my shares have accumulated since 2006
How can I know the value of my shares?