Cumulative, Redeemable "A" Preference Share Cash Dividend - TDHP
(Registration number: 1970/009054/06)
(“Tradehold” or “the Company”)
Incorporated in the Republic of South Africa
Share code: TDHP
CUMULATIVE, REDEEMABLE “A” PREFERENCE SHARE CASH DIVIDEND
Notice is hereby given that the Directors have declared a gross cash
dividend of 19.97282 cents per “A” Preference Share for the period
from 1 March 2017 to 1 June 2017, payable from the distributable
reserves of the Company.
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.
In terms of the ITA, DT of 20% has been withheld for those
shareholders who are not exempt from DT. Shareholders who are not
exempt from DT will therefore receive a net dividend of 15.97826 cents
per “A” Preference Share.
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
Last day of trade to receive a dividend Tuesday, 23 May 2017
Shares commence trading “ex” dividend Wednesday, 24 May 2017
Record date Friday, 26 May 2017
Payment date Thursday, 1 June 2017
9 May 2017
Joint Debt Sponsor
Nodus Capital Proprietary Limited
Mettle Specialised Finance Proprietary Limited
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