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Company Announcements

Notice of dividend currency exchange rate (rand)

RNS Number : 9572H
Schroder Eur Real Est Inv Trust PLC
13 June 2017
 

13 June 2017

 

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

 

On 25 May 2017, Schroder European Real Estate Investment Trust plc (the "Company") announced its second interim dividend for the year ending 30 September 2017 of 1.2 euro cents per share.

 

The currency exchange rate applicable for the dividend payable in South African cents to shareholders on the South African register is based on the exchange rate on 13 June 2017 and is set out below:

 

Declared dividend

Exchange rate

Dividend in South African cents per share

1.2 euro cents per share

14.39000

17.26800

 

Dividend tax will be withheld from the amount of the gross dividend of 17.26800 South African cents per share paid to shareholders on the South African register at the rate of 20 per cent unless a shareholder qualifies for exemption.

 

After the dividend tax has been withheld, the net dividend will be 13.81440 South African cents per share.

 

For the avoidance of doubt, dividend tax, and therefore the information provided in this announcement, is only of direct application to shareholders on the South African register.

     

 

Enquiries:

 

Duncan Owen/Tony Smedley

Schroder Real Estate Investment Management Limited        Tel: 020 7658 6000

 

Ria Vavakis

Schroder Investment Management Limited                            Tel: 020 7658 2371

 

Dido Laurimore                                                                       Tel: 020 3727 1000

FTI Consulting

 

Shareholders on the South African branch register should direct any questions regarding the application of the dividend tax to the Company's Transfer Secretary:

 

Computershare Investor Services (Pty) Limited

Rosebank Towers, 15 Biermann Avenue

Rosebank, 2196, South Africa

Postal Address - PO Box 61051

Marshalltown 2107

Telephone +27 11 373 0033

Facsimile +27 11 688 5218

Email enquiries: web.queries@computershare.co.za

 

LEI number: 549300BHT1Z8NI4RLD52

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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