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Dividend declaration announcement
Collins Property Group Limited
(previously Tradehold Limited)
(Registration number: 1970/009054/06)
Incorporated in the Republic of South Africa
JSE Share code: CPP ISIN: ZAE000152658
(Approved as a REIT by the JSE)
("Collins" or "the Company")
DIVIDEND DECLARATION ANNOUNCEMENT
The board of directors of Collins has approved and notice is hereby given of an interim dividend of 40 cents
per share for the six months ended 31 August 2023. The dividend is payable to Collins shareholders in
accordance with the timetable set out below:
Last date to trade 'cum' dividend Tuesday, 16 January 2024
Shares trade ex dividend Wednesday, 17 January 2024
Record date Friday, 19 January 2024
Payment date Monday, 22 January 2024
Share certificates may not be dematerialised or rematerialised between Wednesday, 17 January 2024 and
Friday, 19 January 2024, both days inclusive.
In respect of dematerialised shareholders, the dividend will be transferred to the Central Securities
Depository Participant accounts/broker accounts on Monday, 22 January 2024.
Certificated shareholders' dividend payments will be posted on or about Monday, 22 January 2024.
Dividend tax treatment
In accordance with Collins' status as a REIT, shareholders are advised that the dividend of 40 cents per
share for the six months ended 31 August 2023 ("the dividend") meets the requirements of a "qualifying
distribution" for the purposes of section 25BB of the Income Tax Act, 58 of 1962 ("Income Tax Act"). The
dividend will be deemed to be a dividend, for South African tax purposes, in terms of section 25BB of the
Income Tax Act.
The dividend received by or accrued to South African tax residents must be included in the gross income
of such shareholders and will not be exempt from income tax (in terms of the exclusion to the general
dividend exemption, contained in paragraph (aa) of section 10(1)(k)(i) of the Income Tax Act) because it is
a dividend distributed by a REIT. This dividend is, however, exempt from dividend withholding tax in the
hands of South African tax resident shareholders, provided that the South African resident shareholders
provide the following forms to their CSDP or broker, as the case may be, in respect of uncertificated shares,
or the Company, in respect of certificated shares:
a) a declaration that the dividend is exempt from dividends tax; and
b) a written undertaking to inform the CSDP, broker or the Company, as the case may be, should the
circumstances affecting the exemption change or the beneficial owner ceases to be the beneficial
owner,
both in the form prescribed by the Commissioner for the South African Revenue Service. Shareholders are
advised to contact their CSDP, broker or the Company, as the case may be, to arrange for the above-
mentioned documents to be submitted prior to payment of the dividend, if such documents have not already
been submitted.
Dividends received by non-resident shareholders will not be taxable as income and instead will be treated
as an ordinary dividend which is exempt from income tax in terms of the general dividend exemption in
section 10(1)(k)(i) of the Income Tax Act. Any distribution received by a non-resident from a REIT will be
subject to dividend withholding tax at 20%, unless the rate is reduced in terms of any applicable agreement
for the avoidance of double taxation ("DTA") between South Africa and the country of residence of the
shareholder. Assuming dividend withholding tax will be withheld at a rate of 20%, the net dividend amount
due to non-resident shareholders is 32 cents per share. A reduced dividend withholding rate in terms of the
applicable DTA may only be relied on if the non-resident shareholder has provided the following forms to
their CSDP or broker, as the case may be, in respect of uncertificated shares, or the Company, in respect
of certificated shares:
a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA;
and
b) a written undertaking to inform their CSDP, broker or the Company, as the case may be, should the
circumstances affecting the reduced rate change or the beneficial owner ceases to be the beneficial
owner,
both in the form prescribed by the Commissioner for the South African Revenue Service. Non-resident
shareholders are advised to contact their CSDP, broker or the Company, as the case may be, to arrange
for the above-mentioned documents to be submitted prior to payment of the dividend if such documents
have not already been submitted, if applicable.
Shares in issue at the date of declaration of this dividend: 334 097 767
Collins' income tax reference number: 9725/126/71/9.
Cape Town
22 December 2023
Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 22-12-2023 08:00:00
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