Cumulative, Redeemable “B” Preference Share (““B” Preference Share”) Cash Dividend
(Registration number: 1970/009054/06)
(“Tradehold” or “the Company”)
Incorporated in the Republic of South Africa
Share code: TDHBP
CUMULATIVE, REDEEMABLE “B” PREFERENCE SHARE (““B” Preference Share”) CASH DIVIDEND
Notice is hereby given that:
(i) the directors of Tradehold have declared a gross cash dividend (“the Cash
Dividend”) of 1942.12603 cents per “B” Preference Share for the dividend period
from 18 December 2018 to 14 March 2019 (both dates inclusive). The amount
payable will be derived from Tradehold’s operations in the United Kingdom.
The Cash Dividend 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 “B” Preference Shares are
listed on the JSE Limited and thus constitute a “listed share”, as contemplated in
section 64D 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) Dividends paid to a non-resident to the extent that the dividend is paid by a
foreign company in respect of listed shares, provided certain administrative
procedures are complied with.
In terms of the ITA, DT of 20% will be withheld for those holders of “B” Preference
Shares (““B” Preference Shareholders”) who are not exempt from DT. “B” Preference
Shareholders who are not exempt from DT will therefore receive a net dividend of
1553.70082 cents per “B” Preference Share.
Tradehold’s income tax reference number is 9725/126/71/9.
The salient dates for the Cash Dividend will be:
Last day of trade for the Cash Dividend Tuesday, 05 March 2019
List Date for the Cash Dividend Wednesday, 06 March 2019
Record date for the Cash Dividend Friday, Friday, 08 March 2019
Dividend Payment Date Friday, Friday, 15 March 2019
19 February 2019
Joint Debt Sponsor
Nodus Capital Proprietary Limited
Mettle Specialised Finance Proprietary Limited
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