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Purchase of Nedbank and Lesaka shares
On 4 December 2025, TPC paid R96 million to Nedbank for the purchase 0.035% of Cell C ordinary shares. On 11 December 2025, TPC paid R50 million to Lesaka for the purchase 0.025% of Cell C ordinary shares. As a result of these purchases, BLU's shareholding in Cell C increased to 49.53%, and its economic interest in Cell C to 65.48%.
Dividend declaration
Subsequent to 30 November 2025, dividend number 9 was declared and approved by the Board.
On 24 February 2026, the Board approved a dividend of 43.56126 cents per ordinary share, from income reserves. The dividend in respect of ordinary shares for the half-year ended 30 November 2025 has not been recognised in the financial statements as it was declared after this date. The salient dates are as follows:
| Last date to trade cum dividend | Tuesday, 17 March 2026 |
| Shares commence trading ex dividend | Wednesday, 18 March 2026 |
| Record date | Friday, 20 March 2026 |
| Payment of dividend | Monday, 23 March 2026 |
Share certificates may be dematerialised or rematerialised between Wednesday, 18 March 2026 and Friday, 20 March 2026, both days inclusive.
Before declaring the dividend the Board applied the solvency and liquidity test on the Company and reasonably concluded that the Company will satisfy the solvency and liquidity test immediately after payment of the dividend.
The number of ordinary shares in issue at the date of this declaration is 913 655 874. The ordinary dividend will be subject to a local dividend withholding tax rate of 20%. Accordingly, for those shareholders not exempt from paying dividend withholding tax, the net ordinary dividend will be 34.84901 cents per ordinary share.
Blu Label Unlimited Group Limited's tax reference number is 9062246179.
