CSO - Capital Shopping Centres Group Plc - Exchange Rate for 2010 interim
CSO
CSO
CSO - Capital Shopping Centres Group Plc - Exchange Rate for 2010 interim
dividend payable to shareholders on the South African Register
CAPITAL SHOPPING CENTRES GROUP PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: CSO
EXCHANGE RATE FOR 2010 INTERIM DIVIDEND PAYABLE TO SHAREHOLDERS ON THE SOUTH
AFRICAN REGISTER
Capital Shopping Centres Group PLC confirms that the South African Rand exchange
rate for the 2010 interim dividend of 5.0 pence per ordinary share to be paid on
3 November 2010, to shareholders registered on 8 October 2010, will be 10.95 ZAR
to 1 GBP. Capital Shopping Centres is a Real Estate Investment Trust and, as in
2009, 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 54.75 ZA cents (GBP pence 5.0p)
Less 20% withholding tax 10.95 ZA cents (GBP pence 1.0p)
Net dividend payable 43.80 ZA cents (GBP pence 4.0p)
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%. Capital Shopping
Centres 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.capital-shopping-centres.co.uk. A helpline for
questions relating to the withholding tax and to request claim forms is
available until 17 December 2010 on 086 110 0915 (+27 11 373 0056 if calling
from outside South Africa). Calls from within South Africa are toll-free.
23 September 2010
Sponsor
Merrill Lynch South Africa (Pty) Ltd
Date: 23/09/2010 10:51:01 Produced by the JSE SENS Department.
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