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Interim dividend conversion rates and timetable
Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
ISIN: CY0103562118
('Tharisa')
Interim dividend conversion rates and timetable
In accordance with its dividend policy of distributing at least 15% of annual net profit after tax and
following the introduction of an interim dividend, the board has declared its first interim cash
dividend of US$ 2 cents per ordinary share. The interim dividend will be paid on Wednesday,
20 June 2018 and will be paid from income reserves.
Shareholders on the principal Cyprus register will be paid in US$, shareholders whose shares are
held through Central Securities Depositary Participants (CSDPs) and brokers and are traded on the
JSE will be paid in South African Rand (ZAR) and holders of Depositary Interests traded on the LSE
will be paid in Sterling (GBP). The currency equivalents of the dividend, based on the weighted
average of the South African Reserve Bank’s daily rate at approximately 10:30 (UTC +2) on 15 May
2018, being the currency conversion date, are as follows:
Exchange rate Dividend per share in payment currency
South Africa – JSE ZAR 12.4074/US$ 24.8148 South African cents per share
United Kingdom - LSE GBP 0.7391/US$ 1.4782 pence per share
The timetable for payment of the dividend is as follows:
Declaration and currency conversion date Tuesday, 15 May 2018
Currency conversion rates announced Thursday, 17 May 2018
Last day to trade cum-dividend rights on the JSE Tuesday, 5 June 2018
Last day to trade cum-dividend rights on the LSE Wednesday, 6 June 2018
Shares will trade ex-dividend rights on the JSE from Wednesday, 6 June 2018
Shares will trade ex-dividend rights on the LSE from Thursday, 7 June 2018
Record date for payment on both JSE and LSE Friday, 8 June 2018
Dividend payment date Wednesday, 20 June 2018
No dematerialisation or rematerialisation of shares within Strate will be permitted between
Wednesday, 6 June 2018 and Friday, 8 June 2018, both days inclusive. No transfers between
registers will be permitted between Thursday, 17 May 2018 and Friday, 8 June 2018, both days
inclusive.
Tax implications of the dividend
Shareholders are advised that the dividend declared will be paid out of income reserves and may
therefore be subject to dividend withholding tax depending on the tax residency of the shareholder.
South African tax residents
South African shareholders are advised that the dividend constitutes a foreign dividend. For
individual South African tax resident shareholders, dividend withholding tax of 20% will be applied to
the gross dividend of 24.8148 South African cents per share. Therefore, the net dividend of 19.85184
South African cents per share will be paid after 4.96296 South African cents in terms of dividend
withholding tax has been applied. Shareholders who are South African tax resident companies are
exempt from dividend tax and will receive the dividend of 24.8148 South African cents per share.
This does not constitute legal or tax advice and is based on taxation law and practice in South Africa.
Shareholders should consult their brokers, financial and/or tax advisors with regard to how they will
be impacted by the payment of the dividend.
UK tax residents
UK tax residents are advised that the dividend constitutes a foreign dividend and that they should
consult their brokers, financial and/or tax advisors with regard to how they will be impacted by the
payment of the dividend.
Cyprus tax residents
Individual Cyprus tax residents are advised that the dividend constitutes a local dividend and that
they should consult their brokers, financial and/or tax advisors with regard to how they will be
impacted by the payment of the dividend.
Shareholders and Depositary Interest holders should note that information provided should not
be regarded as tax advice.
Additional information required by the JSE Listing Requirements
Tharisa has a total of 261 000 000 ordinary shares in issue on Wednesday, 16 May 2018, of which
260 212 460 carry voting rights and are eligible to receive dividends.
Paphos, Cyprus
17 May 2018
JSE Sponsor
Investec Bank Limited
Investor Relations contact:
Tharisa plc
Sherilee Lakmidas
+27 11 996 3538
+27 79 276 2529
slakmidas@tharisa.com
Broker contacts:
Peel Hunt LLP (Joint Broker)
Ross Allister / James Bavister / David McKeown
+44 207 7418 8900
BMO Capital Markets Limited (Joint Broker)
Jeffrey Couch / Neil Haycock / Thomas Rider
+44 020 7236 1010
Financial PR contacts:
Bobby Morse / Anna Michniewicz
+44(0) 20 7466 5000
tharisa@buchanan.uk.com
Date: 17/05/2018 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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