| Tue 3 Apr 2012, 11:28 | | SHFF - Steinhoff Investment Holdings Limited - Declaration of dividend number 13 |
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SHF SHFF
SHF
SHFF - Steinhoff Investment Holdings Limited - Declaration of dividend number 13
to preference shareholders
STEINHOFF INVESTMENT HOLDINGS LIMITED
("Steinhoff Investments" or "the Company")
Registration number: 1954/001893/06
(Incorporated in the Republic of South Africa)
JSE Code : SHFF
ISIN : ZAE000068367
Declaration of dividend number 13 to preference shareholders
The board of Steinhoff Investments has resolved to declare a dividend of 374
cents per preference share in respect of the period from 1 July 2011 up to and
including 31 December 2011 (the dividend period), payable on Monday, 23 April
2012, to those preference shareholders recorded in the books of the company at
the close of business on Friday, 20 April 2012.
The dividend declared will be subject to Dividends Tax ("DT"). The local DT rate
is 15%. In determining the DT to withhold, Secondary Tax on Companies ("STC")
Credits amounting to 34.47 cents per share, utilised by the Company, should be
taken into account. Accordingly, the dividend to utilise for determining the DT
due is 339.53 cents per share and the DT due therefore amounts to 50.93 cents
per share. Hence, preference shareholders will receive a net dividend after DT
of 323.07 cents per share.
In terms of the DT legislation, the DT amount due will be withheld and paid over
to the South African Revenue Service ("SARS") by a nominee-company, stockbroker
or Central Security Depository Participant ("CSDP") (collectively "Regulated
Intermediary") on behalf of shareholders. However, all shareholders should
declare their status to their Regulated Intermediary, as they may qualify for a
reduced DT rate or they may even be exempt from DT.
The issued preference share capital of Steinhoff Investments is 15 000 000
preference shares. Steinhoff Investments` income tax reference number is
9375/046/712.
Salient dates:
2012
Last date to trade cum dividend Friday, 13 April
Shares trade ex dividend Monday, 16 April
Record date Friday, 20 April
Payment date Monday, 23 April
Share certificates may not be dematerialised or rematerialised between Monday,
16 April 2012 and Friday, 20 April 2012, both days inclusive.
Company Secretary: Steinhoff Africa Secretarial Services
Sponsor: PSG Capital Proprietary Limited
Sandton
3 April 2012
Date: 03/04/2012 11:28:01 Produced by the JSE SENS Department.
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