To view the PDF file, sign up for a MySharenet subscription.
Back to EPP SENS
:  0    (-100%)  01/01/1970 00:00

ECHO POLSKA PROPERTIES N.V. - Finalisation announcement in respect of the maiden dividend for the four months to 31 December 2016

Release Date: 20/03/2017 11:30
Code(s): EPP     PDF:  
Wrap Text
Finalisation announcement in respect of the maiden dividend for the four months to 31 December 2016

(Incorporated in The Netherlands)
(Company number 64965945)
JSE share code: EPP
ISIN: NL0011983374
(“EPP”)


FINALISATION ANNOUNCEMENT IN RESPECT OF THE MAIDEN DIVIDEND FOR THE FOUR MONTHS TO 31 DECEMBER 2016


EPP shareholders are referred to the maiden dividend declaration published on Thursday, 9 March 2017 and are advised that
shareholders on the South African share register will receive their cash dividend in ZAR, converted from Euro at an exchange rate of
EUR1: ZAR13.60250. Accordingly, the cash dividend of 3.14000 Euro cents per share will be equal to ZAR42.71185 cents per share.

The information provided in this paragraph is only of direct application to shareholders on the South African share register. The gross
local dividend amount is ZAR42.71185 cents per share for shareholders exempt from paying South African dividends tax. The net
local dividend amount is ZAR34.16948 cents per share for shareholders liable to pay dividends tax at the rate of 20%.

TAX CONSIDERATIONS

The dividend shall be paid net of Dutch dividend withholding tax (“DWHT”) of 15%, unless to the extent the company has, prior to
the dividend record date, been provided with proof, to its satisfaction, that the relevant shareholder qualifies for (partial) relief from
DWHT with respect to the dividends. The company shall remit the DWHT withheld to the Dutch tax authorities.

For South African resident shareholders, the dividend may be regarded as a foreign dividend as the dividend will be paid out of The
Netherlands and may be subject to South African dividends tax at a rate of 20%, unless an exemption as set out in the South African
Income Tax legislation applies.

For shareholders residing outside of South Africa, the dividend may have legal or tax implications and such shareholders are advised
to obtain appropriate advice from their professional advisers in this regard.

The salient dates announced on Thursday, 9 March 2017 remain unchanged.

EPP is dual-listed on both the Luxembourg Stock Exchange and the Main Board of the Johannesburg Stock Exchange.

20 March 2017


Sponsor
Java Capital

LuxSE Listing Agent
M Partners


More information:

Magda Cieliczko, Marketing Director Echo Polska Properties
Mobile: +48 603 203 619
magda.cieliczko@echo-pp.com

Java Capital, JSE Sponsor
Phone: +27 11 722 3050

M Partners, LuxSE Listing Agent
Phone: +352 263 868 602

Jacques de Bie, South Africa, Investor Relations, Singular Systems IR
Mobile: +27 (0)82 691 5384

Date: 20/03/2017 11:30:00 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.

Share This Story