NTCP - Netcare Limited - Clarification statement regarding the impact of
NTC NTCP
NTC
NTCP - Netcare Limited - Clarification statement regarding the impact of
withholding tax
NETCARE LIMITED
(Co. Reg. No. 1996/008242/06)
Code: NTCP
ISIN number: ZAE000081121
("Netcare" or the "Company")
CLARIFICATION STATEMENT REGARDING THE IMPACT OF WITHHOLDING TAX
In anticipation of the implementation on 1 April 2012 of the withholding tax on
dividends Netcare wishes to confirm that the dividends payable to preference
shareholders will be increased by 10% ("grossed-up") after the dividend tax law
change becomes effective. This is in accordance with its placing memorandum
applicable to the preference shares and its memorandum of incorporation which
addresses the impact of amendments to the Income Tax Act on preference
shareholders. In terms of the legal and accounting opinions procured it should
be noted that Netcare is under no legal obligation to adjust its dividend rate
but has subject to board approval elected to do so for the benefit to all
preference shareholders.
A Sens announcement to this effect will be released on 2 April 2012.
09 March 2012
Sponsor
Nedbank Capital
Date: 09/03/2012 16:31:01 Produced by the JSE SENS Department.
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