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TRADEHOLD LIMITED - Cumulative, Redeemable "A" Preference Share Cash Dividend - TDHP

Release Date: 08/11/2016 08:00
Code(s): TDHP     PDF:  
 
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Cumulative, Redeemable "A" Preference Share Cash Dividend - TDHP

TRADEHOLD LIMITED
(Registration number: 1970/009054/06)
("Tradehold")
Incorporated in the Republic of South Africa
Share code: TDHP
ISIN: ZAE000201166

CUMULATIVE, REDEEMABLE “A” PREFERENCE SHARE CASH DIVIDEND

Notice is hereby given that the Directors have declared a gross cash
dividend of 19.81496 cents per “A” Preference Share for the period
from 1 September 2016 to 1 December 2016.

The distribution constitutes a foreign dividend as defined in section
1 of the Income Tax Act (“ITA”) and is a dividend for purposes of
dividends tax (“DT”), since the shares are listed on the JSE Limited.

An exemption from DT is provided for in the ITA in respect of foreign
dividends paid to a South African company and to a non-resident to the
extent that it is paid in respect of listed shares, provided certain
administrative procedures are complied with. The ITA further provides
for an exemption from income tax in respect of foreign dividends
received or accrued in respect of listed shares.

Shareholders who are not exempt from the DT will therefore receive a
net dividend of 16.84272 cents per “A” Preference Share.

In determining the DT of 15% to withhold in terms of the Income Tax
Act for those shareholders who are not exempt from the DT, no
secondary tax on companies credits have been utilised.

Tradehold Limited has 61 927 500 “A” Preference Shares in issue.
Tradehold Limited's income tax reference number is 9725/126/71/9.

The salient dates for the “A” Preference Share dividend will be as
follows:

Last day of trade to receive a dividend   Tuesday, 22 November 2016
Shares commence trading “ex” dividend     Wednesday, 23 November 2016
Record date                               Friday, 25 November 2016
Payment date                              Thursday, 1 December 2016

8 November 2016
Cape Town

Joint Debt Sponsor
Nodus Capital Proprietary Limited
Mettle Specialised Finance Proprietary Limited

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