| Fri 24 Feb 2017, 11:05 | | GROUP FIVE LIMITED - Change in the dividend withholding tax rate |
|
GRF 201702240026A
Change in the dividend withholding tax rate
Group Five Limited
(Registration number: 1969/000032/06)
(Incorporated in the Republic of South Africa)
Share Code: GRF ISIN Code: ZAE000027405
("Group Five")
CHANGE IN THE DIVIDEND WITHHOLDING TAX RATE
Shareholders are advised that the dividend withholding tax rate has been increased from 15% to 20%
following the Minister of Finance’s budget speech. The date of the change is with effect from 22
February 2017.
Further to Group Five’s unaudited interim results for the six months ended 31 December 2016,
incorporating a dividend declaration, released on SENS on 22 February 2017, shareholders are
advised of the updated dividend declaration paragraph as set out below:
Dividend declaration
On 20 February 2017, the directors declared a gross interim dividend of 14 cents per ordinary share
(11,20 cents per ordinary share net of dividend tax) (H1F2016: 42 cents).
- The dividend has been declared from income reserves
- In terms of dividend tax, the following additional information is disclosed:
- The dividend is subject to dividend tax at 20% (2,10 cents per share)
- The net dividend will therefore be 11,20000 cents per share for shareholders who are not exempt
from dividend tax
- The amount of shares in issue at the date of this declaration is 112 258 283 (101 292 111 exclusive
of treasury shares) and the company's tax reference
number is 9625/077/71/5.
In order to comply with the requirements of Strate, the relevant details are:
Event Date
Last date to trade (cum dividend) Tuesday, 4 April 2017
Shares to commence trading (ex-dividend) Wednesday, 5 April 2017
Record date (date shareholders recorded in books) Friday, 7 April 2017
Payment date Monday, 10 April 2017
No share certificates may be dematerialised or rematerialised between Wednesday, 5 April 2017 and
Friday, 7 April 2017, both dates inclusive.
24 February 2017
Sponsor
Nedbank Corporate and Investment Banking
Date: 24/02/2017 11:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
