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TRADEHOLD LIMITED - Cumulative, Redeemable B Preference Share (B Preference Share) Cash Dividend

Release Date: 19/02/2019 17:50
Code(s): TDHBP     PDF:  
 
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Cumulative, Redeemable “B” Preference Share (““B” Preference Share”) Cash Dividend

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 (““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
Cape Town

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

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