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KAYDAV GROUP LIMITED - Further information regarding the tax implications for KayDav shareholders in respect of the scheme and delisting

Release Date: 16/02/2021 15:40
Code(s): KDV     PDF:  
Wrap Text
Further information regarding the tax implications for KayDav shareholders in respect of the scheme and delisting

KAYDAV GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/038698/06)
JSE share code: KDV ISIN: ZAE000108940
(“KayDav” or “the Company”)


FURTHER INFORMATION REGARDING THE TAX IMPLICATIONS FOR KAYDAV SHAREHOLDERS IN RESPECT OF THE SCHEME AND DELISTING


KayDav shareholders are referred to the finalisation announcement (the “finalisation announcement”) released on
SENS released on 5 February 2020 where shareholders were advised, inter alia, of the tax implications for KayDav
shareholders who elect to receive the cash consideration in respect of the scheme of arrangement and delisting.

Shareholders are advised that the same apportionment between contributed tax capital and reserves and subsequent tax
treatment will apply to shareholders who elect to receive the note consideration as shareholders who elect to receive the
cash consideration, as detailed in the finalisation announcement.

The tax treatment for KayDav shareholders participating in the scheme is dependent on the individual circumstances
and jurisdiction of such KayDav shareholders. It is recommended that if KayDav shareholders are uncertain about the
tax treatment of the receipt of the cash consideration, they seek appropriate advice in this regard.

The independent board and KayDav Board (to the extent that the information relates to KayDav) collectively and
individually accept responsibility for the information contained in this announcement and certify that, to the best of their
knowledge and belief, the information contained in this announcement relating to KayDav is true and this announcement
does not omit anything that is likely to affect the import of such information.

16 February 2021


Corporate advisor and sponsor
Java Capital

Date: 16-02-2021 03:40:00
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