To view the PDF file, sign up for a MySharenet subscription.

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

Release Date: 07/11/2017 16:30
Code(s): TDHP     PDF:  
 
Wrap Text
Cumulative, Redeemable "A" Preference Share Cash Dividend - 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

Notice is hereby given that the Directors have declared a gross cash
dividend of 19.26208 cents per “A” Preference Share for the period
from 1 September 2017 to 1 December 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, 1962 (“ITA”) and is a dividend for purposes
of dividends tax (“DT”) imposed under Part VIII of Chapter II of the ITA,
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 15.40966 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, 21 November 2017
Shares commence trading “ex” dividend      Wednesday, 22 November 2017
Record date                                Friday, 24 November 2017
Payment date                               Friday, 1 December 2017

7 November 2017
Cape Town

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

Date: 07/11/2017 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story