Revised dividend withholding tax
London Finance and Investment Group P.L.C.
(Incorporated in England with registered number 201151)
LSE code: LFI
JSE code: LNF
South African Register: Increase in Dividend Withholding Tax by the South African Minister of
The Finance Minister Pravin Gordhan announced on 22 February 2017 during the delivery of the 2017
Budget an increase in the Dividend Withholding Tax from 15% to 20%. The JSE has consulted with the
South African Revenue Service and National Treasury and we have been advised that the effective date of
the new rate is in respect of all dividends paid on or after 22 February 2017.
Further to the above, and with reference to the Company's unaudited interim results for the six months
ended 31 December 2016 and dividend declaration, published on SENS on 22 February 2017, shareholders
on the South African register are advised to refer to the updated dividend tax information paragraph set out
South Africa Register: Dividend tax Information
South African Dividend Withholding Tax, at a rate of 20%, will be withheld from the gross interim dividend of
9.09791 ZAR cents to be paid to shareholders on the South African register, unless a shareholder qualifies
for an exemption. After Dividend Withholding Tax has been withheld, the net dividend will be 7.27833 ZAR
cents per ordinary share.
The interim dividend is regarded as a foreign dividend for the purposes of the South African Dividend
The Company's UK Income Tax reference number is 948/L32120.
For the avoidance of doubt, Dividend Withholding Tax and the information provided above applies only to
shareholders on the South African register. Shareholders on the South African register should direct any
questions regarding the application of Dividend Withholding Tax to Computershare Investor Services
Proprietary Limited, contact details for which are given below:
Computershare Investor Services Proprietary Limited
PO Box 61051, Marshalltown 2107, South Africa
Tel: 0861 100 634; +27 11 870 8216
Email enquiries: email@example.com
The salient dates and other information provided in respect of the dividend recommendation announced on
22 February 2017 remain unchanged.
28 February 2017
Sponsor: Sasfin Capital (a division of Sasfin Bank Limited)
Date: 28/02/2017 09:00:00 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.
Email this JSE Sens Item to a Friend.