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MASSMART HOLDINGS LIMITED - Change in the Dividend Withholding Tax Rate

Release Date: 24/02/2017 16:25
Code(s): MSM     PDF:  
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Change in the Dividend Withholding Tax Rate

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000152617
("Massmart" or "the Company")


Change in the Dividend Withholding Tax Rate

Shareholders are advised that following the 2017 Budget announcement by the South African Minister of Finance on
22 February 2017, the South African dividend withholding tax rate has been increased from 15.0% to 20.0% with
effect from 22 February 2017.

Further to the Massmart announcement released on the Stock Exchange News Service of the JSE Limited on 23
February 2017, of the reviewed consolidated financial results for 52 weeks ended 25 December 2016, shareholders
are requested to refer to the updated dividend declaration paragraph below.

Cash Dividend

Notice is hereby given that a gross final cash dividend of 224.80 cents per share, in respect of the year ended
December 2016 has been declared. The number of shares in issue at the date of this declaration is 217,136,334.
The dividend has been declared out of income reserves as defined in the Income Tax Act, 1962, and will be subject
to the South African dividend withholding tax rate of 20% which will result in a net dividend of 179.84 cents per share
to those shareholders who are not exempt from paying dividend tax.             Massmart’s tax reference number is
9900/196/71/9.

The salient dates relating to the payment of the dividend are as follows:

Last day to trade cum dividend on the JSE:                                        Tuesday, 14 March 2017
First trading day ex dividend on the JSE:                                         Wednesday, 15 March 2017
Record date:                                                                      Friday, 17 March 2017
Payment date:                                                                     Monday, 20 March 2017

Share certificates may not be dematerialised or rematerialised between Wednesday, 15 March 2017 and Friday, 17
March 2017, both days inclusive.

Massmart shareholders who hold Massmart ordinary shares in certificated form (“certificated shareholders”) should
note that dividends will be paid by cheque and by means of an electronic funds transfer (“EFT”) method. Where the
dividend payable to a particular certificated shareholder is less than R100, the dividend will be paid by EFT only to
such certificated shareholder.
Certificated shareholders who do not have access to any EFT facilities are advised to contact the company’s transfer
secretaries, Computershare Investor Services at Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg,
2196; on 011 370 5000; or on 0861 100 9818 (fax), in order to make the necessary arrangements to take delivery of
the proceeds of their dividend. Massmart shareholders who hold Massmart ordinary shares in dematerialised form
will have their accounts held at their CSDP or broker credited electronically with the proceeds of their dividend.


Johannesburg
24 February 2017

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 24/02/2017 04:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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