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Final dividend: currency conversion – Sterling and Rand
SABMiller plc
JSEALPHA CODE: SAB
ISIN CODE: SOSAB
ISIN CODE: GB0004835483
Final dividend: currency conversion – Sterling and Rand
23 July 2015
In our results announcement for the year ended 31 March 2015, published on
Wednesday, 13 May 2015, SABMiller plc announced that the exchange rates to
be used to determine the Sterling and Rand equivalent of the final dividend of
87.0 US cents per share would be calculated using the exchange rates prevailing
on Wednesday, 22 July 2015.
The rate of exchange determined on Wednesday, 22 July 2015 for converting to
Sterling is GBP:US$ = 1.562604 resulting in an equivalent final dividend of
55.6763 UK pence per share.
The rate of exchange determined on Wednesday, 22 July 2015 for converting to
South African Rand is US$:ZAR = 12.400263 resulting in an equivalent final
dividend of 1,078.82288 SA cents per share.
The JSE Listings Requirements require disclosure of additional information in
relation to any dividend payments. Shareholders registered on the Johannesburg
register are advised that dividend withholding tax will be withheld from the gross
final dividend amount of 1,078.82288 SA cents per share at a rate of 15%, unless
a shareholder qualifies for an exemption; shareholders registered on the
Johannesburg register who do not qualify for an exemption will therefore receive
a net dividend of 916.99945 SA cents per share. The company, as a non-resident
of South Africa, was not subject to the secondary tax on companies (STC)
applicable before the introduction of dividend withholding tax on 1 April 2012, and
accordingly, no STC credits are available for set-off against the dividend
withholding tax liability on the final net dividend amount. The dividend is payable
in cash as a 'Dividend' (as defined in the South African Income Tax Act, 58 of
1962, as amended) by way of a reduction of income reserves. The dividend
withholding tax and the information contained in this paragraph is only of direct
application to shareholders registered on the Johannesburg register, who should
direct any questions about the application of the dividend withholding tax to
Computershare Investor Services (Pty) Limited, Tel: +27 11 373-0004.
The dividend will be payable on Friday, 14 August 2015 to all shareholders
registered on the London and Johannesburg registers on Friday, 7 August 2015.
The last date to trade cum dividend will be Wednesday, 5 August 2015 on the
London Stock Exchange and Friday, 31 July 2015 on the JSE Limited. The ex-
dividend trading dates will be Thursday, 6 August 2015 on the London Stock
Exchange and Monday, 3 August 2015 on the JSE Limited.
Shareholders will be asked to approve this proposal at the annual general
meeting scheduled for 11.00am today, Thursday, 23 July 2015.
Until the close of business on Friday, 7 August 2015, no transfers between the
London and Johannesburg registers will be permitted, and from Monday, 3
August 2015 until Friday, 7 August 2015, no shares may be dematerialised or
rematerialised, both days inclusive.
Stephen Shapiro
Group Company Secretary
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Date: 23/07/2015 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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