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TRADEHOLD LIMITED - Cumulative, Redeemable "A" Preference Share Cash Dividend & Availability of Financial Information - TDHP

Release Date: 07/08/2017 08:00
Code(s): TDHP     PDF:  
 
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Cumulative, Redeemable "A" Preference Share Cash Dividend & Availability of Financial Information - TDHP

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

CUMULATIVE, REDEEMABLE “A” PREFERENCE SHARE CASH DIVIDEND & AVAILABILITY OF
FINANCIAL INFORMATION

Notice is hereby given that the Directors have declared a gross cash dividend
of 19.98734 cents per “A” Preference Share for the period from 1 June 2017 to
1 September 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 15.98987 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 follows:
Last day of trade to receive a dividend    Tuesday, 22 August 2017
Shares commence trading “ex” dividend      Wednesday, 23 August 2017
Record date                                Friday, 25 August 2017
Payment date                               Friday, 1 September 2017
Share certificates may not be dematerialised or rematerialised between
Wednesday, 23 August 2017 and Friday, 25 August 2017, both days inclusive.

Notice is also hereby given of the publication of the Audited Financial
Statements on the Company’s website (www.tradehold.co.za) and the Summary of
the Audited Consolidated Results for the 12 months to 28 February 2017.

Publication of the Company’s annual financial statements for the year ended
28 February 2017 has already been issued on SENS on 24 May 2017.

7 August 2017
Cape Town

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

Date: 07/08/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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