Shaftesbury Capital PLC 2023 Interim Dividend - Exchange Rate (2822J)
August 15 2023 - 3:00AM
UK Regulatory
TIDMSHC
RNS Number : 2822J
Shaftesbury Capital PLC
15 August 2023
SHAFTESBURY CAPITAL PLC (the "Company" or "Shaftesbury
Capital")
2023 INTERIM CASH DIVIDEND - EXCHANGE RATE
This announcement sets out additional information relating to
the 2023 interim cash dividend of 1.5 pence per ordinary share (to
be paid wholly as an ordinary dividend) , which is t o be paid on
Monday 18 September 2023 to all shareholders registered on Friday
25 August 2023 .
Exchange Rate for 2023 Interim Cash Dividend:
The Company confirms that the ZAR exchange rate for the 2023
interim cash dividend will be 24.07150 ZAR to 1 GBP, which is the
rate determined on 14 August 2023.
On this basis, shareholders who hold their shares via the South
African register will receive a cash dividend of 36.10725 ZAR cents
per ordinary share.
SA DIVIDENDS TAX
The 2023 interim cash dividend will be treated as an ordinary UK
company dividend. SA Dividends Tax will also apply, where
applicable. Details of the withholding tax (per ordinary share) are
set out below:
UK (p) SA (ZAR cents)
---------------------------------
Total (gross) 1.5 36.10725
------- ---------------
Less SA dividends tax (20%) - 7.22145
------- ---------------
Net ordinary dividend (Non-PID)
payable 1.5 28.88580
------- ---------------
Information for shareholders:
The information below is included only as a general guide to
taxation for shareholders based on the Company's understanding of
the law and the practice currently in force. Any shareholder who is
in any doubt as to their tax position should seek independent
professional advice.
UK shareholders
There is no PID element of the interim cash dividend. The entire
interim cash dividend will be paid as an ordinary dividend
(Non-PID) and therefore treated as an ordinary UK company
dividend.
South African shareholders
The 2023 interim cash dividend declared by the Company is a
foreign payment and the funds are sourced from the UK.
PIDs: There is no PID element of the 2023 interim cash
dividend.
Non PID: The entire 2023 interim cash dividend will be paid as
an ordinary UK dividend (Non-PID), and as such the 2023 interim
cash dividend will be exempt from income tax but will constitute a
dividend for SA Dividends Tax purposes, as it will be declared in
respect of a share listed on the exchange operated by the JSE. SA
Dividends Tax will therefore be withheld from the 2023 interim cash
dividend at a rate of 20 per cent, unless a shareholder qualifies
for an exemption and the prescribed requirements for effecting the
exemption are in place by the requisite date.
The salient dates in the dividend timetable published in the
announcement published on 3 August 2023 remain unchanged.
Enquiries
Ruth Pavey
Company Secretary
Shaftesbury Capital PLC
+ 44 (0 ) 20 3214 9170
15 August 2023
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END
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