Reinet Investments S.C.A. ("Reinet") – dividend dates in respect of ordinary shares listed on the JSE
Reinet Investments S.C.A.
(Incorporated in Luxembourg)
JSE share code: RNI
REINET INVESTMENTS S.C.A. ("REINET") - DIVIDEND DATES IN RESPECT OF ORDINARY SHARES LISTED ON THE JOHANNESBURG STOCK EXCHANGE
The dividend payable to holders of Reinet ordinary shares listed on the Johannesburg Stock Exchange ("Reinet South African Shares") is payable in rand via central security depository participants in Strate for all holdings of dematerialised Reinet South African Shares.
Reinet has recommended a total dividend of EUR 0.19 per share from income reserves. It is anticipated that this dividend will be approved by shareholders of Reinet at the annual general meeting to be held on Tuesday, 27 August 2019 in Luxembourg.
There is no Luxembourg withholding tax payable on dividends, which may be declared by Reinet.
In 2013 Reinet sought clarification from the South African Revenue Service ('SARS') as to the treatment of any dividends to be declared by Reinet and paid to holders of depository receipts issued by Reinet Securities SA in respect of Reinet ordinary shares. This ruling from SARS was renewed for a further 5 years on 8 March 2018 in respect of any dividends to be declared by Reinet and paid to holders of Reinet South African Shares. SARS confirmed to Reinet that any such dividends would be treated as 'foreign dividends' as defined in the Income Tax Act No. 58 of 1962. Accordingly, any such dividends would be subject to South African dividends withholding tax at 20 per cent in the hands of holders of Reinet South African Shares unless those holders of Reinet South African Shares are otherwise exempt from the tax. Non-resident holders of Reinet South African Shares are required to fill in the appropriate SARS declaration form, if they wish to be exempted from the tax.
The exchange rate applicable for the conversion of euro to rand for payment of the Reinet South African Share dividend will be confirmed in a separate announcement to be released on SENS on Tuesday, 20 August 2019.
The timetable for the dividend in respect of the Reinet South African Shares is anticipated to be as follows:
Last date to trade "cum dividend" Tuesday, 27 August 2019
Trading commences "ex-dividend" from
the commencement of business on Wednesday, 28 August 2019
Reinet South African Share dividend
record date Friday, 30 August 2019
Reinet South African Share dividend
payment date Wednesday, 4 September 2019
No cross-border movements of Reinet ordinary shares will be permitted between the clearing and settlement systems for the Dutch and Luxembourgish stock exchanges (Euroclear Nederland, Euroclear Bank and Clearstream) and the clearing and settlement system for the Johannesburg Stock Exchange (Strate) between Tuesday, 27 August 2019 and Friday, 30 August 2019, both days inclusive, and no Reinet South African Shares may be dematerialised or rematerialised between Wednesday, 28 August 2019 and Friday, 30 August 2019, both days inclusive.
Note to former holders of certificated depository receipts issued by Reinet Securities SA in respect of Reinet ordinary shares ("Certificated DRs"):
Upon the automatic cancellation of the depository receipt programme in December 2017, the holdings of former holders of Certificated DRs were dematerialised through Computershare Investor Services Proprietary Limited reflecting Reinet South African Shares in dematerialised form in a valid account with a CSDP or broker as specified by the former holder of Certificated DRs, or, in the absence of such specification, in a nominee account for the benefit of the former holders of Certificated DRs, if and to the extent that they held 10 or more depository receipts. Former holders of Certificated DRs that have not specified a valid account with a CSDP or broker at the time of the automatic cancellation of the depository receipt programme are advised to regularise their accounts with their CSDP by contacting Computershare Investor Services Proprietary Limited to surrender their certificates and to obtain assistance and information on the process they must follow in order to regularise their holdings and to ensure their bank mandates are up to date.
Computershare Investor Services Proprietary Limited ('CIS')
Rosebank Towers 15 Biermann Avenue
Telephone 0861 100 930 or +27 11 373 0017
Former holders of Certificated DRs failing to do so shall not be entitled to trade their Reinet South African Shares and, without valid bank mandates recorded, may also not receive their dividend in respect of their Reinet South African Shares on time.
21 May 2019
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 21/05/2019 07:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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