DISTELL GROUP LIMITED - Amendment to rate applicable to Dividend Withholding Tax and impact on cash dividend declaration
DST 201702240076A
Amendment to rate applicable to Dividend Withholding Tax and impact on cash dividend declaration
Distell Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1988/005808/06
Income tax number: 9115001712
Share code: DST
ISIN: ZAE000028668
("Distell" or "the Company")
AMENDMENT TO RATE APPLICABLE TO DIVIDEND WITHHOLDING TAX AND IMPACT ON CASH DIVIDEND DECLARATION
Shareholders are referred to the announcement released on the Stock Exchange News Service on 23 February 2017
in which they were advised, inter alia, that the board of directors had resolved to declare an interim gross
cash dividend to shareholders recorded in the register of the Company on Friday, 17 March 2017 ("Announcement").
Shareholders are now advised that, consequent to the announcement by Minister Gordhan of an increase in the
dividend withholding tax ("DWT") rate from 15% to 20%, in his budget speech of 22 February 2017, the DWT applicable
to the gross cash dividend to be paid to shareholders who are not exempt from DWT is 20%.
The net dividend amount is accordingly 132,0 cents per share and not 140,25 cents per share, as previously announced.
The remainder of the Announcement is unaffected.
Stellenbosch
24 February 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24/02/2017 03:39:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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