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JSE CCO
CCO
CCO - Capital & Counties Properties PLC - Final dividend for the year ended 31
december 2011 - Additional information for shareholders on the south African
register
Capital & Counties Properties PLC
Incorporated and registered in England and Wales with Registration Number
07145041 and registered in South Africa as an external company with Registration
Number 2010/003387/10)
JSE code: CCO
ISIN: GB00B62G9D36
("Capital & Counties" or the "Company")
CAPITAL & COUNTIES PROPERTIES PLC
FINAL DIVIDEND FOR THE YEAR ENDED 31 DECEMBER 2011 - ADDITIONAL INFORMATION FOR
SHAREHOLDERS ON THE SOUTH AFRICAN REGISTER
Shareholders on the South African branch register are referred to the final
dividend announcement released on SENS on 3 May 2012 and are advised that the
share price to be used for calculating residual payments under the Scrip
Dividend alternative will be the same as the scrip dividend price of 2477.17 ZA
cents.
Using the same example as contained in the aforementioned announcement, a
shareholder who holds 500 shares on the South African branch register would be
entitled to 2.52627 shares (expressed to five decimal places) which will be
rounded down to 2 shares and the residual payment will be 0.52627 x 2477.17 ZA
cents = 1303.06 ZA cents, payable in cash.
As the cash residuals will not constitute the distribution of an asset in
specie, the residual payments will be subject to South African Dividends Tax,
which will therefore be withheld from the residual payment to South African
shareholders at a rate of 15 per cent. unless a shareholder qualifies for an
exemption from Dividends Tax, and the prescribed requirements for effecting the
exemption, as set out in the scrip dividend scheme booklet, are in place.
For further information, please see the Supplemental Notice concerning taxation
amendments in South Africa that will be published on the Company`s website as
soon as reasonably practical following the release of this announcement.
Enquiries
Ruth Pavey
Company Secretary
Capital & Counties Properties PLC
+ 44 (0) 20 7297 6283
15 May 2012
Sponsor:
Merrill Lynch SA (Pty) Ltd
Date: 15/05/2012 17:30:02 Produced by the JSE SENS Department.
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