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GEN - General - Changes to Listings Requirements on announcements regarding

Release Date: 23/03/2012 14:54
Code(s): JSE
Wrap Text

GEN - General - Changes to Listings Requirements on announcements regarding information on tax on dividends The pending introduction of dividends tax with effect from 1 April 2012 will result in "regulated intermediaries" (as defined in Part VIII of the Income Tax Act ("the Act")) requiring more detailed and accurate information regarding dividends declared by companies listed (including dual listings) on the Johannesburg Stock Exchange ("the JSE"). With the move away from STC, where a tax was levied on the actual company, to a shareholder`s tax, where the tax is levied on the beneficial owner of the share, it is imperative to ensure that there is completeness and availability of information relating to dividend declarations by companies listed on the JSE. The JSE Listings Requirements have been amended to make provision for the values in respect of the tax on the dividends that need to be included in the SENS announcement. The changes to the Listings Requirements will coincide with the introduction of dividends tax which is expected to become effective from 1 April 2012. The bulletin of the Listings Requirements is now available on the JSE`s website at http://www.jse.co.za/How-To-List/Main-Board/Listing- requirements/Bulletins.aspx 23 March 2012 Date: 23/03/2012 14:54:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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