Sharenet Sites 
Sharenet Sites
Finalisation Announcement In Respect Of The Interim Dividend For The Six Months Ended 29 February 2016
New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL)
SEM share code: NFP.N000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or “the Company”)
FINALISATION ANNOUNCEMENT IN RESPECT OF THE INTERIM DIVIDEND FOR THE SIX
MONTHS ENDED 29 FEBRUARY 2016
Shareholders are referred to the Company’s results for the six months ended 29 February 2016, released on
12 April 2016, wherein they were advised that the Board of directors of the Company had declared an interim
dividend of 3.6 GBP pence per share for the half year ended 29 February 2016.
Shareholders are advised that the total dividend of 3.6 GBP pence per share will be paid as follows:
- 2.61099 GBP pence (72.53%) will comprise a property income distribution (“PID”). The PID will be subject to a
deduction of a 20% UK withholding tax unless exemptions apply.
- 0.98901 GBP pence (27.47%) will comprise a non-PID. The non-PID will be treated as an ordinary UK company
dividend, with no withholding tax deducted.
Shareholders on the South African (“SA”) share register are advised that the exchange rate used for the dividend will
be 20.48365 ZAR to 1 GBP, resulting in a gross dividend amount of 73.74114 ZAR cents per share for shareholders
on the SA register.
Accordingly shareholders will be paid a dividend per share as follows:
Shareholders on the Mauritius Shareholders on the SA share
share register register
(GBP pence) (ZAR cents)
Non-PID element 0.98901 20.25853
Plus/or
PID element (gross) 2.61099 53.48261
*Less 20% withholding tax 0.52220 10.69656
PID element (net) 2.08879 42.78604
* Certain categories of shareholders may apply for exemption, in which case the PID element will be paid gross.
The salient dates for the dividend are set out below:
Announcement of exchange rate Wednesday, 20 April 2016
Last day to trade cum dividend on the JSE Thursday, 28 April 2016
Securities trade ex dividend on the JSE Friday, 29 April 2016
Last day to trade cum dividend on the SEM Tuesday, 3 May 2016
Securities trade ex dividend on the SEM Wednesday, 4 May 2016
Record date on the JSE and the SEM Friday, 6 May 2016
Payment date Monday, 9 May 2016
No dematerialisation or rematerialisation of share certificates, nor transfer of shares between sub-registers in Mauritius
and South Africa will take place between, and including, Friday, 29 April 2016 and Friday, 6 May 2016.
NOTES FOR SHAREHOLDERS ON THE SA SHARE REGISTER
On application by shareholders on the SA share register, 5 per cent of the 20 per cent UK withholding tax deducted is
claimable from the UK’s HM Revenue & Customs (“HMRC”), resulting in an effective UK withholding tax rate of
15 per cent. The Company will account to HMRC in Pounds Sterling for the total UK withholding tax deducted.
Settlement of any claims for refund will be calculated and settled in Pounds Sterling by HMRC.
The information given above, as applicable, will assist with applications for refunds.
SA TAXATION SUMMARY
The dividend should constitute a foreign dividend for SA tax purposes and so will be exempt from SA income tax, but
subject to deduction of SA dividends tax of 15 per cent unless an exemption or rebate applies. For PIDs, the liability to
dividends tax will be offset by the net UK withholding tax of 15 per cent, resulting in no dividends tax being deducted.
However 15 per cent dividends tax will be deducted from all non-PIDs paid to shareholders on the SA share register
who are not exempt from dividends tax in SA, and paid to the South African Revenue Service on such shareholder’s
behalf. Accordingly, shareholders on the SA share register who are not exempt will receive a non-PID of 17.21975
ZAR cents per share (net).
The above information and the guidelines on the taxation of dividends are provided as a general guide based on the
Company’s understanding of the law and practice currently in force. Any shareholder who is in any doubt as to their
tax position should seek independent professional advice.
SHAREHOLDERS RESIDING OUTSIDE OF SA
The receipt of the cash dividend may have tax implications for shareholders who are resident in Mauritius or other
countries and such shareholders are advised to obtain appropriate advice from their professional advisors in this
regard.
New Frontier has its primary listing on the SEM and a secondary listing on the Alternative Exchange of the JSE.
By order of the Board
20 April 2016
This notice is issued pursuant to SEM Listing Rule 11.3 and Rule 5(1) of the Securities (Disclosure Obligations of
Reporting Issuers) Rules 2007. The Board of New Frontier Properties Ltd accepts full responsibility for the accuracy
of the information in this notice
For further information please contact:
JSE sponsor
Java Capital +27 11 722 3050
Company secretary
Osiris Corporate Solutions (Mauritius) Ltd +230 650 4030
Date: 20/04/2016 11:00:00 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.
