LBT - Liberty International Plc - Exchange rate for 2008 interim dividend
LBT
LILII
LBT - Liberty International Plc - Exchange rate for 2008 interim dividend
payable to shareholders on the South African register
LIBERTY INTERNATIONAL PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI I
EXCHANGE RATE FOR 2008 INTERIM DIVIDEND PAYABLE TO SHAREHOLDERS ON THE SOUTH
AFRICAN REGISTER
Liberty International PLC confirms that the South African Rand exchange rate for
the 2008 interim dividend of 16.5 pence per ordinary share to be paid on 16
September 2008, to shareholders registered on 29 August 2008, will be 14.575 ZAR
to 1 GBP. Liberty International is a Real Estate Investment Trust and, as in
2007, has chosen to pay the interim dividend as a Property Income Distribution
("PID") which will be subject to deduction of a 20% withholding tax.
Accordingly shareholders who hold their shares via the South African register
will receive a dividend per ordinary share as follows:
Gross amount of dividend 240.4875 ZA cents (GBP pence 16.5p)
Less 20% withholding tax 48.0975 ZA cents (GBP pence 3.3p)
Net dividend payable 192.3900 ZA cents (GBP pence 13.2p)
South African shareholders may apply, after payment of the dividend, to the UK
tax authority for a refund of the difference between the 20% withholding tax and
the UK/South African double taxation treaty rate of 15%. Liberty International
will account to UK HM Revenue & Customs in sterling for the tax withheld.
Settlement of any claims for refund will also be calculated and settled in
sterling.
The information given above will assist with applications for refunds. For
information on PIDs and refund claims, including claim forms and guidance on how
to complete them, visit www.liberty-international.co.uk. A helpline for
questions relating to the withholding tax and to request claim forms is
available until 30 November 2008 on 0800 006 497 (+27 11 870 8218 if calling
from outside South Africa). Calls from within South Africa are toll-free.
15 August 2008
Date: 15/08/2008 12:31:01 Produced by the JSE SENS Department.
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