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Amendment to rate applicable to dividend withholding tax and impact on cash dividend declaration
RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
(Income tax number: 9950019712)
ISIN: ZAE000179438
Share Code: RCL
(“RCL FOODS" or “the Group”)
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 of 10,0
cents per share to shareholders recorded in the register of
the Company on 21 April 2017.
Shareholders are now advised that, consequent to the
announcement by the Minister of Finance 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 8,0 cents per share
and not 8,5 cents per share, as previously announced. The
remainder of the announcement is unaffected.
Durban
24 February 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24/02/2017 01:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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