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TRADEHOLD LIMITED - Cumulative, Redeemable "B" Preference Share Cash Dividend- TDHBP

Release Date: 28/08/2018 08:00
Code(s): TDHBP     PDF:  
 
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Cumulative, Redeemable "B" Preference Share Cash Dividend- TDHBP

TRADEHOLD LIMITED
(Registration number: 1970/009054/06)
(“Tradehold” or “the Company”)
Incorporated in the Republic of South Africa
Share code: TDHBP
ISIN: ZAE000253050

CUMULATIVE, REDEEMABLE “B” PREFERENCE SHARE CASH DIVIDEND

Notice is hereby given that the Directors have declared a gross cash
dividend of 2055.18510 cents per “B” Preference Share for the period from 15
June 2018 to 16 September 2018 (both dates inclusive), 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. The “B”
Preference Shares are listed on the JSE Limited and thus constitute “listed
shares” as contemplated in section 64D, read with section 1, of the ITA.

An exemption from DT is provided for in the ITA in respect of:
   (i)  foreign dividends paid to a South African resident company; or
   (ii) a non-resident to the extent that the dividend is paid by a foreign
        company in respect of listed shares,
provided there is compliance with certain administrative procedures.

In terms of the ITA, DT of 20% will be withheld for those “B” Preference
Shareholders who are not exempt from DT or, if they are exempt from DT, for
those “B” Preference Shareholder who have not timeously complied with the
aforementioned relevant administrative procedures. “B” Preference
Shareholders who are not exempt from DT will therefore receive a net
dividend of 1644.14808 cents per “B” Preference Share.

Tradehold Limited has 1 125 711 “B” Preference Shares in issue.
Tradehold Limited's income tax reference number is 9725/126/71/9.

The salient dates for the “B” Scheduled Preference Dividend will be as
follows:
Last day of trade to receive a dividend    Tuesday, 11 September 2018
Shares commence trading “ex” dividend      Wednesday, 12 September 2018
Record date                                Friday, 14 September 2018
Payment date                               Monday, 17 September 2018

28 August 2018
Cape Town

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

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