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Change in Dividend Withholding Tax Rate
Comair Limited
Incorporated in the Republic of South Africa
Registration number: 1967/006783/06
Share code: COM
ISIN: ZAE000029823
(“Comair” or “the Company” or “the Group”)
CHANGE IN DIVIDEND WITHHOLDING TAX RATE
Shareholders 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%,
effective for dividends declared with a payment date on or after
22 February 2017.
Further to the announcement released by Comair on the Stock
Exchange News Service of the JSE Limited on 14 February
2017,which included the unaudited results of the company for the
six month period ended 31 December 2016 and a dividend
declaration, shareholders are requested to refer to the updated
dividend declaration paragraph included below:
Cash Dividend Declaration
Following on the strong cash earnings for 1 July 2016 to 31 December
2016, notice is hereby given that a gross interim cash dividend of
7.00000 cents per share (prior period gross interim cash dividend
of 5 cents) payable to ordinary shareholders was approved and
declared by the board of directors for the six month period ended
31 December 2016. The dividend was declared out of income reserves.
Dividends will be subject to a local dividend tax rate of 20% or
1.40000 cents per share, resulting in a net dividend of 5.60000
cents per share, unless the shareholder is exempt from paying
dividend tax or is entitled to a reduced rate in terms of the
applicable double tax agreement. The Company’s tax reference
number is 9281/874/7/1/0 and the number of shares in issue at the
date of this declaration is 469,330,865 ordinary shares.
In accordance with the provisions of Strate, the electronic
settlement and custody system used by the JSE Limited, the
relevant dates for the dividend are as follows:
Event Date
Last day to trade (cum dividend) Monday, 20 March 2017
Shares commence trading (ex dividend) Wednesday, 22 March 2017
Record date (date shareholders Friday, 24 March 2017
recorded in books)
Payment date Monday, 27 March 2017
Share certificates may not be dematerialised or re-materialised
between Wednesday 22, March 2017 and Friday, 24 March 2017, both
days inclusive.
Bonaero Park
24 February 2017
Sponsor
PSG Capital Proprietary Limited
Date: 24/02/2017 11:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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