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TRADEHOLD LIMITED - Ordinary Share Cash Dividend

Release Date: 21/05/2020 12:10
Code(s): TDH     PDF:  
Wrap Text
Ordinary Share Cash Dividend

TRADEHOLD LIMITED
(Registration number: 1970/009054/06)
Incorporated in the Republic of South Africa
JSE Share code: TDH
ISIN: ZAE000152658
(“Tradehold” or “the Company”)

ORDINARY SHARE CASH DIVIDEND


Shareholders are referred to the Audited Summary Consolidated Financial Statements of the
Tradehold Group for the year to 29 February 2020 which was released on SENS today, 21 May 2020.

The board initially anticipated declaring a gross cash dividend of 60 cents per ordinary share (2019: 55
cents) for the 12 months to February 2020. In the light of the great uncertainty brought about by the
pandemic since year-end and the consequent need to preserve cash, the board has decided to declare
a gross cash dividend of 30 cents per ordinary share on 21 May 2020. Depending on the results
achieved in the six months to 31 August, the board may then declare an interim dividend, which will
also mark the first time Tradehold has declared an interim dividend.

The dividend will reduce Tradehold’s stated capital.

Notice is hereby given that the Directors have declared a gross cash dividend of 30 cents per Ordinary
Share (2019: 55 cents) on 21 May 2020. The dividend will reduce Tradehold’s stated capital.

The distribution constitutes a foreign dividend as defined in section 1 of the Income Tax Act (“ITA”)
and is a dividend for purposes of dividends tax (“DT”), 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 24 cents per
Ordinary Share.

Tradehold has 261 346 570 Ordinary Shares in issue.

Tradehold Limited’s income tax reference number is 9725/126/71/9.

The salient dates for the dividend will be as follows:
Declaration date                                                             Thursday, 21 May 2020
Last date to trade cum dividend                                               Tuesday, 9 June 2020
Date trading commences ex dividend                                         Wednesday, 10 June 2020
Record date                                                                   Friday, 12 June 2020
Date of payment to shareholders                                               Monday, 15 June 2020

Share certificates may not be dematerialised or rematerialised between Wednesday, 10 June 2020,
and Friday, 12 June 2020, both days inclusive.


Cape Town
21 May 2020

Sponsor


Questco Corporate Advisory Proprietary Limited

Date: 21-05-2020 12:10:00
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