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Exchange rate applicable for dividend payable in respect of ordinary shares listed on the JSE
Reinet Investments S.C.A.
(Incorporated in Luxembourg)
ISIN: LU0383812293
JSE share code: RNI
LEI: 222100830RQTFVV22S80
REINET INVESTMENTS S.C.A. ("REINET") – EXCHANGE RATE APPLICABLE
FOR DIVIDEND PAYABLE IN RESPECT OF ORDINARY SHARES LISTED ON THE
JOHANNESBURG STOCK EXCHANGE
The foreign dividend payable to holders of Reinet ordinary shares
listed on the Johannesburg Stock Exchange (the "Reinet South
African Shares") is payable in rand via central security
depository participants in Strate for all holdings of
dematerialised Reinet South African Shares.
The total dividend of EUR 0.35000 per share from income reserves,
as recommended by Reinet, has been approved by shareholders of
Reinet at the annual general meeting held on Tuesday,
27 August 2024 in Luxembourg.
The foreign dividend is funded from Luxembourg. There is no
Luxembourg withholding tax payable on dividends which may be
declared by Reinet.
In 2013 Reinet sought clarification from the South African
Revenue Service ('SARS') as to the treatment of any dividends to
be declared by Reinet and paid to holders of depository receipts
issued by Reinet Securities SA in respect of Reinet's ordinary
shares. This ruling was renewed for a further five years on
8 March 2018 and again on 17 October 2023 in respect of any
dividends to be declared by Reinet and paid to holders of the
Company's ordinary shares listed on the Johannesburg Stock
Exchange.
The exchange rate applicable for the conversion of euro to rand
for payment of the Reinet South African Share dividend is
ZAR 19.70200 : Euro 1. Accordingly, the net dividend payable per
Reinet South African Share is 551.65600 ZAR cents, as set out in
the table below:
Gross dividend South African Net dividend
per share dividend tax per share
(in ZAR cents) at 20% (in ZAR cents)
(in ZAR cents)
Total 689.57000 (137.91400) 551.65600
The timetable for the dividend in respect of the Reinet South
African Shares is as follows:
Last date to trade "cum dividend" Tuesday, 10 September 2024
Trading commences "ex-dividend" from
the commencement of business on Wednesday, 11 September 2024
Reinet South African Share dividend
record date Friday, 13 September 2024
Reinet South African Share dividend
payment date Wednesday, 18 September 2024
No cross-border movements of Reinet ordinary shares will be
permitted between the clearing and settlement systems for the
Dutch and Luxembourgish stock exchanges (Euroclear Nederland,
Euroclear Bank and Clearstream) and the clearing and settlement
system for the Johannesburg Stock Exchange (Strate) between
Tuesday, 10 September 2024 and Friday, 13 September 2024, both
days inclusive, and no Reinet South African Shares may be
dematerialised or rematerialised between Wednesday,
11 September 2024 and Friday, 13 September 2024, both days
inclusive.
Note to former holders of certificated depository receipts
issued by Reinet Securities SA in respect of Reinet ordinary
shares ("Certificated DRs"):
Upon the automatic cancellation of the depository receipt
programme in December 2017, the holdings of former holders of
Certificated DRs were dematerialised through Computershare
Investor Services Proprietary Limited reflecting Reinet South
African Shares in dematerialised form in a valid account with a
CSDP or broker as specified by the former holder of Certificated
DRs, or, in the absence of such specification, in a nominee
account for the benefit of the former holders of Certificated
DRs, if and to the extent that they held 10 or more depository
receipts. Former holders of Certificated DRs that have not
specified a valid account with a CSDP or broker at the time of
the automatic cancellation of the depository receipt programme
are advised to regularise their accounts with their CSDP by
contacting Computershare Investor Services Proprietary Limited
to surrender their certificates and to obtain assistance and
information on the process they must follow in order to
regularise their holdings and to ensure their bank mandates are
up to date.
Computershare Investor Services Proprietary Limited ('CIS')
Rosebank Towers 15 Biermann Avenue
Rosebank 2196
South Africa
Telephone 0861 100 930 or +27 11 373 0017
Email FICAVerifyElectronic@Computershare.co.za
Former holders of Certificated DRs failing to do so shall not be
entitled to trade their Reinet South African Shares and, without
valid bank mandates recorded, may also not receive their dividend
in respect of their Reinet South African Shares on time.
3 September 2024
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Reinet is a partnership limited by shares incorporated in the
Grand Duchy of Luxembourg and having its registered office at
35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by
the Luxembourg law on Securitisation and in this capacity allows
its shareholders to participate indirectly in the portfolio of
assets held by its wholly-owned subsidiary Reinet
Fund S.C.A., F.I.S., a specialised investment fund also
incorporated in the Grand-Duchy of Luxembourg. Reinet's ordinary
shares are listed on the Luxembourg Stock Exchange, Euronext
Amsterdam and the Johannesburg Stock Exchange, the listing on
the Johannesburg Stock Exchange is a secondary listing. Reinet's
ordinary shares are included in the 'LuxX' index of the principal
shares traded on the Luxembourg Stock Exchange.
Date: 03-09-2024 11:05:00
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