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BTIIHA - Investec - Amendment to the final dividend announcement on British

Release Date: 19/04/2012 12:33
Code(s): JSE BTIIHA
Wrap Text

BTIIHA - Investec - Amendment to the final dividend announcement on British American Tobacco Plc ("BRITISH AMERICAN") HOT enhanced dividend securities - ("BTIIHA") INVESTEC WARRANTS JSE SHARE CODE: BTIIHA JSE ISIN CODE: ZAE000161972 AMENDMENT TO THE FINAL DIVIDEND ANNOUNCEMENT ON BRITISH AMERICAN TOBACCO PLC ("BRITISH AMERICAN") HOT ENHANCED DIVIDEND SECURITIES - ("BTIIHA") With reference to the dividend announcement, the Directors of British American have recommended a final dividend of 88.4 pence per ordinary share payable on Thursday, 3 May 2012 to ordinary shareholders, recorded in the books of the company at the close of business on Friday, 9 March 2012. The currency exchange rate applicable for the dividend is GBP: ZAR = 12.19960 as at 21 February 2012. In terms of the new Dividend Tax effective 1 April 2012, the following additional information is disclosed: 1) local dividend tax rate is 15%; 2) no STC credits available; 3) net local dividend amount is 916.67794 South African cents per share for shareholders liable to pay the new Dividends Tax and 1078.44464 South African cents per share for shareholders exempt from paying the new Dividends Tax; 4) the issued share capital of British American is 1,967,367,157 ordinary shares Accordingly, the holders of BTIIHA will receive a British American dividend amount on Thursday, 3 May 2012 in terms of the Cession clause incorporated in the Supplement between the holders and Investec Bank Limited. The last day to trade ("cum" the dividend) in order to participate in the dividend was Friday 2 March 2012. BTIIHA Hot Enhanced Dividend Securities commenced trading "ex" the dividend from the commencement of business on Monday 5 March 2012, and the record date was Friday, 9 March 2012. Copies of the offering circular may be obtained from: Investec Bank Limited 100 Grayston Drive Sandown Sandton 2196 For further information contact: Investec Warrants Tel.: 0860 103 343 E-mail: warrants@investec.co.za Internet: www.investec.co.za Sponsor Investec Securities Limited Member of the JSE Registration number (1972/008905/06) Date: 19/04/2012 12:33:02 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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