NOTES TO THE SUMMARISED ANNUAL FINANCIAL STATEMENTS l NOTE 11
11. EVENTS AFTER THE REPORTING PERIOD

Business acquisition

The group acquired 62,5% interest in Pharmed Pharmaceuticals (Proprietary) Limited, a pharmaceutical wholesaler, for R148 million in July 2014.

Dividend declaration

Shareholders are advised that a preference share an ordinary share dividend has been declared by the board of Imperial Holdings on 26 August 2014. For more details, please refer to the dividend declaration on page 164.