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TRADEHOLD LIMITED - Cumulative, Redeemable "A" Preference Share TDHP Increase in Dividend Withholding Tax to 20%

Release Date: 24/02/2017 13:33
Code(s): TDHP     PDF:  
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Cumulative, Redeemable "A" Preference Share TDHP – Increase in Dividend Withholding Tax to 20%

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


“A” Preference Shareholders are advised that the Dividend Withholding
Tax (“DWT”) rate has increased from 15% to 20% following the Minister
of Finance’s budget speech. The effective date of the change is 22
February 2017.

The Directors wish to refer the “A” Preference Shareholders to the
gross cash dividend of 19.59722 cents per “A” Preference Share for the
period 1 December 2016 to 1 March 2017 published on SENS on 7 February

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

An exemption from DWT is provided for in terms of 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 15.67778 cents per “A” Preference Share, after
applying the revised DWT rate of 20%.

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

The payment date for the “A” Preference Share dividend is Wednesday, 1
March 2017.

24 February 2017
Cape Town

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

Date: 24/02/2017 01:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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