ONELOGIX GROUP LIMITED - Change in the dividend withholding tax rate
OLG 201702240044A
Change in the dividend withholding tax rate
ONELOGIX GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/004519/06)
JSE share code: OLG ISIN: ZAE000026399
(“OneLogix” or “the company”)
CHANGE IN THE DIVIDEND WITHHOLDING TAX RATE
Shareholders are referred to the unaudited condensed consolidated interim results for the six months ended
30 November 2016 published on SENS on 2 February 2017 wherein the company declared an interim gross dividend,
No 6, of 8 cents per share.
Following the Budget Speech delivered by the Minister of Finance, Pravin Gordhan, on 22 February 2017 wherein the
dividends withholding tax rate was increased from 15% to 20%, the draft Rates and Monetary Amounts and
Amendment of Revenue Laws Bill has amended section 64E of the Income Tax Act No.58 of 1962 and the increased
dividends withholding tax to 20% applies in respect of any dividend paid on or after 22 February 2017.
Shareholders are accordingly advised that the net dividend amount payable to OneLogix shareholders liable to pay
dividends tax will be 6.4 cents per share and not 6.8 cents per share as previously disclosed.
The salient dates and times and other information provided in respect of the dividend declaration announced on
2 February 2017 remain unchanged.
24 February 2017
Sponsor
Java Capital
Date: 24/02/2017 12:52:00 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
