British American Tobacco PLC Branch Register: Dividend Withholding Tax Notice (8291X)
February 24 2017 - 9:30AM
UK Regulatory
TIDMBATS
RNS Number : 8291X
British American Tobacco PLC
24 February 2017
British American Tobacco p.l.c. (the "Company")
South Africa Branch Register: Increase in Dividend Withholding
Tax by the South African Minister of Finance
Shareholders on the Company's branch register in South Africa
are referred to the announcement by the South African Minister of
Finance on 22 February 2017 that the dividend withholding tax rate
has been increased from 15% to 20%. The JSE has today confirmed
that the increase is effective for dividends declared with a
payment date on or after 22 February 2017.
In its Preliminary Announcement for the year ended 31 December
2016 released on 23 February 2017, the Company announced that the
Board had recommended a final dividend of 118.1p per ordinary share
of 25p for the year ended 31 December 2016, resulting in an
equivalent final dividend of 1,927.51010 SA cents per ordinary
share for shareholders on the branch register in South Africa. If
approved by shareholders at the Annual General Meeting to be held
on 26 April 2017, the final dividend will be payable on 4 May 2017
to shareholders registered on either the UK main register or the
South Africa branch register on 17 March 2017 (the record
date).
With further reference to the Company's Preliminary Announcement
for the year ended 31 December 2016, shareholders on the South
Africa Branch register are advised to refer to the updated dividend
tax information paragraph set out below:
South Africa Branch Register: Dividend tax Information
South Africa Dividend tax (at a rate of 20%), equivalent to
385.50202 SA cents per ordinary share, will be withheld from the
gross final dividend paid to shareholders on the South Africa
branch register, unless a shareholder qualifies for an exemption.
After Dividend tax has been withheld, the net dividend will be
1542.00808 SA cents per ordinary share. The final dividend is
regarded as a 'foreign dividend' for the purposes of the South
Africa Dividend tax.
British American Tobacco p.l.c. is registered with the South
African Revenue Service (SARS) with tax reference number
9378193172.
For the avoidance of doubt, Dividend tax and the information
provided above is of only direct application to shareholders on the
South Africa branch register. Shareholders on the South Africa
branch register should direct any questions regarding the
application of Dividend tax to Computershare Investor Services
Proprietary Limited, contact details for which are given below:
Computershare Investor Services Proprietary Limited
PO Box 61051, Marshalltown 2107, South Africa
tel: 0861 100 634; +27 11 870 8216
email enquiries: web.queries@computershare.co.za
The salient dates and other information provided in respect of
the dividend recommendation announced on 23 February 2017 remain
unchanged.
B M Creegan
Assistant Secretary
24 February 2017
Enquiries:
Investor Relations
Mike Nightingale/Rachael Brierley/Sabina Marshman
+44 20 7845 1180/1519/1781
British American Tobacco Press Office
Anna Vickerstaff
+44 20 7845 2888
This information is provided by RNS
The company news service from the London Stock Exchange
END
DIVMMGZZDDFGNZM
(END) Dow Jones Newswires
February 24, 2017 10:30 ET (15:30 GMT)
British American Tobacco (LSE:BATS)
Historical Stock Chart
From Apr 2024 to May 2024
British American Tobacco (LSE:BATS)
Historical Stock Chart
From May 2023 to May 2024