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CSO - Capital Shopping Centres Group Plc - Exchange rate for 2011

Release Date: 30/09/2011 11:26
Code(s): CSO
Wrap Text

CSO - Capital Shopping Centres Group Plc - Exchange rate for 2011 interim dividend payable to shareholders on the South African register CAPITAL SHOPPING CENTRES GROUP PLC (Registration number UK3685527) ISIN Code: GB0006834344 JSE Code: CSO Issuer Code: CSCSCG CAPITAL SHOPPING CENTRES GROUP PLC EXCHANGE RATE FOR 2011 INTERIM DIVIDEND PAYABLE TO SHAREHOLDERS ON THE SOUTH AFRICAN REGISTER Capital Shopping Centres Group PLC confirms that the South African Rand exchange rate for the 2011 interim dividend of 5.0 pence per ordinary share to be paid on 22 November 2011, to shareholders registered on 14 October 2011, will be 12.331 ZAR to 1 GBP. Capital Shopping Centres is a Real Estate Investment Trust and, as in 2010, has chosen to pay the interim dividend as a Property Income Distribution ("PID") which will be subject to deduction of a 20% withholding tax. Accordingly shareholders who hold their shares via the South African register will receive a dividend per ordinary share as follows: Gross amount of 61.6550 ZA (GBP pence dividend cents 5.0p) Less 20% withholding 12.3310 ZA (GBP pence tax cents 1.0p) Net dividend payable 49.3240 ZA (GBP pence cents 4.0p) South African shareholders may apply, after payment of the dividend, to the UK tax authority for a refund of the difference between the 20% withholding tax and the UK/South African double taxation treaty rate of 15%. Capital Shopping Centres will account to UK HM Revenue & Customs in sterling for the tax withheld. Settlement of any claims for refund will also be calculated and settled in sterling. The information given above will assist with applications for refunds. For information on PIDs and refund claims, including claim forms and guidance on how to complete them, visit www.capital-shopping- centres.co.uk. SCRIP DIVIDEND ALTERNATIVE As stated in our results for the half year to 30 June 2011, we have been reviewing the possibility of introducing a scrip alternative for future dividends, following a change in the rules governing UK REITS. We anticipate seeking shareholders` approval at our 2012 AGM for the introduction of a scrip alternative which, subject to Board discretion, will apply to the 2011 final and subsequent dividends. 30 September 2011 Sponsor: Merrill Lynch SA (Pty) Limited Date: 30/09/2011 11:26:01 Supplied by www.sharenet.co.za 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.

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