TRADEHOLD LIMITED - Cumulative, redeemable B preference share (B Preference Share) cash dividend and voluntary partial redemption

Cumulative, redeemable “B” preference share (““B” Preference Share”) cash dividend and voluntary partial redemption

TRADEHOLD LIMITED
(Registration number: 1970/009054/06)
(“Tradehold” or “the Company”)
Incorporated in the Republic of South Africa
Share code: TDHBP
ISIN: ZAE000253050

CUMULATIVE, REDEEMABLE “B” PREFERENCE SHARE (““B” Preference Share”) CASH DIVIDEND &
VOLUNTARY PARTIAL REDEMPTION

Notice is hereby given that:
 (i) the directors of Tradehold have declared a gross cash dividend (“the Cash
      Dividend”) of 1407.63288 cents per “B” Preference Share for the dividend period
      from 15 September 2021 to 20 December 2021 (both dates inclusive). The amount
      payable will be derived from Tradehold’s operations in the United Kingdom; and
 (ii) Tradehold wishes to redeem 12,483 “B” Preference Shares at a redemption amount
      of ZAR1,000 being an aggregate return of capital of R12,483,000 on 20 December
      2021 (“the Voluntary Redemption”). The amount payable will be derived from
      Tradehold’s operations in the United Kingdom.

The Cash Dividend constitutes a foreign dividend, as defined in section 1 of the Income
Tax Act, 1962 (“ITA”), and is a dividend for purposes of dividends tax (“DT”) imposed
under Part VIII of Chapter II of the ITA, since the “B” Preference Shares are listed
on the JSE Limited and thus constitute a “listed share”, as contemplated in section 64D
of the ITA.

An exemption from DT is provided for in the ITA in respect of:
 (i) foreign dividends paid to a South African resident company; or
 (ii) dividends paid to a non-resident to the extent that the dividend is paid by a
      foreign company in respect of listed shares, provided certain administrative
      procedures are complied with.

In terms of the ITA, DT of 20% will be withheld for those holders of “B” Preference
Shares (““B” Preference Shareholders”) who are not exempt from DT. “B” Preference
Shareholders who are not exempt from DT will therefore receive a net dividend of
1126.10630 cents per “B” Preference Share.

The Voluntary Redemption will be funded from internally generated cash flows of
Tradehold. After the Voluntary Redemption, Tradehold will have 1,003,488 “B” Preference
Shares in issue. The Voluntary Redemption will be made pro rata among the holders of
“B” Preference Shareholders in proportion to their respective holdings of “B” Preference
Shares.

Tradehold’s income tax reference number is 9725/126/71/9.

The salient dates for the Cash Dividend and the Voluntary Redemption will be:
Last day of trade for the Cash Dividend & Voluntary        Monday, 13 December 2021
Redemption
List Date for the Cash Dividend & Suspension Date for the  Tuesday, 14 December 2021
Voluntary Redemption,
Record date for the Cash Dividend & Voluntary Redemption,  Friday, 17 December 2021
Dividend Payment Date & Voluntary Redemption Date Friday,  Monday, 20 December 2021


06 December 2021
Cape Town
Joint Debt Sponsor
Nodus Capital Proprietary Limited
Mettle Specialised Finance Proprietary Limited

Date: 06-12-2021 11:00:00
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