Cumulative, Redeemable “B” Preference share cash dividend
(Registration number: 1970/009054/06)
(“Tradehold” or “the Company”)
Incorporated in the Republic of South Africa
Share code: TDHBP
CUMULATIVE, REDEEMABLE “B” PREFERENCE SHARE (““B” Preference Share”) CASH DIVIDEND
Notice is hereby given that:
The directors of Tradehold have declared a gross cash dividend (“the Cash Dividend”) of 1946.95890 cents per “B” Preference Share for the dividend period from 17 December 2019 to 15 March 2020 (both dates inclusive). The amount payable will be derived from Tradehold’s operations in the United Kingdom.
The Cash Dividend constitutes a foreign dividend, as defined in section 1 of the Income Tax Act, 1962 (“ITA”), and is a dividend for purposes of dividends tax (“DT”) imposed under Part VIII of Chapter II of the ITA, since the “B” Preference Shares are listed on the JSE Limited and thus constitute a “listed share”, as contemplated in section 64D of the ITA.
An exemption from DT is provided for in the ITA in respect of:
(i) foreign dividends paid to a South African resident company; or
(ii) dividends paid to a non-resident to the extent that the dividend is paid by a foreign company in respect of listed shares, provided certain administrative procedures are complied with.
In terms of the ITA, DT of 20% will be withheld for those holders of “B” Preference Shares (““B” Preference Shareholders”) who are not exempt from DT. “B” Preference Shareholders who are not exempt from DT will therefore receive a net dividend of 1557.56712 cents per “B” Preference Share.
Tradehold’s income tax reference number is 9725/126/71/9.
The salient dates for the Cash Dividend and the Voluntary Redemption will be:
Last day of trade for the Cash Dividend
Tuesday, 10 March 2019
List Date for the Cash Dividend
Wednesday, 11 March 2019
Record date for the Cash Dividend
Friday, Friday, 13 March 2020
Dividend Payment Date
Friday, Monday, 16 March 2020
25 February 2020
Joint Debt Sponsor
Nodus Capital Proprietary Limited
Mettle Specialised Finance Proprietary Limited
Date: 25-02-2020 03:30:00
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