Steinhoff International Holdings N.V. in liquidatie
Steinhoff International Holdings N.V. : ANNOUNCEMENT OF THE ZAR EXCHANGE RATE APPLICABLE TO THE INTERIM DISTRIBUTION OF 12 EURO CENTS PER ORDINARY SHARE
DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous STEINHOFF INTERNATIONAL HOLDINGS N.V.: ANNOUNCEMENT OF THE ZAR EXCHANGE RATE APPLICABLE TO THE INTERIM DISTRIBUTION OF 12 EURO CENTS PER ORDINARY SHARE Stellenbosch – 22 November 2016 – Shareholders are referred to the declaration of the interim distribution of 12 Euro cents per Steinhoff ordinary share (the “Distribution”) by Steinhoff International Holdings N.V. (the “Company” or “Steinhoff“), as announced on 15 November 2016 (the “Declaration Announcement”). As indicated in the Declaration Announcement, the Distribution will be paid in Euro for shareholders who hold their shares on the Frankfurt Stock Exchange (“FSE”) and in South African Rand (“ZAR” or “Rand”) for shareholders who hold their Steinhoff ordinary shares on the Johannesburg Stock Exchange operated by the JSE Limited (the “JSE”). In this regard the ZAR exchange rate applicable to the distribution will be ZAR 15.015 : EUR1.00, resulting in a gross ZAR distribution of 180.18 ZAR cents per Steinhoff ordinary share. For ease of reference, the salient dates as set out in the Declaration Announcement are repeated below:
Note: Dividends Withholding Tax (“DWT”) The distribution will be payable in Euro. As the Company is a South African Tax Resident, the distribution will be subject to a South African dividends withholding tax at a dividend tax rate of 15%, resulting in a net cash distribution of 10.2 Euro cents per share for shares held on the FSE and 153.153 ZAR cents per share for shares held on the JSE, unless the relevant shareholder is exempt from South African dividend tax or is entitled to a reduced rate in terms of the applicable double tax agreement. The Company’s South African income tax reference number is 9088/208/229. At the date of declaration of the distribution the company had 4,253,551,251 ordinary shares in issue. DWT in respect of shares held on the FSE: The Company will withhold the South African dividends withholding tax in respect of all shares held on the FSE, unless shareholders provide it with declarations in the prescribed form that such shareholders are exempt from South African dividend tax in terms of the South African Income Tax Act No 58 of 1962, as amended (the “SA Income Tax Act”) (“Declarations”). Declarations in respect of shares held on the FSE must be submitted to 2016distribution@steinhoffinternational.com and originals must be sent to the Company’s postal address being PO Box 122, Stellenbosch, South Africa, 7599 for the attention of the Company Secretary. The Company will consider all valid Declarations received and will ensure that qualifying shareholders receive a refund of the tax withheld within 60 days after receipt of a valid original Declaration. DWT in respect of shares held on the JSE: The administration of the dividends tax in respect of shares held on the JSE will be done by the Regulated Intermediaries as defined in the SA Income Tax Act. Shareholders who hold their shares on the JSE are advised to contact their CSDP or broker should they have any queries in this regard. If shareholders are uncertain as to the tax treatment, they should consult their own tax advisors. Steinhoff International Holdings N.V. Management Board 22 November 2016
2016-11-22 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Steinhoff International Holdings N.V. | |
Herengracht 466 | ||
1017 CA Amsterdam | ||
Netherlands | ||
Phone: | +27218080700 | |
Fax: | +27218080800 | |
E-mail: | investors@steinhoffinternational.com | |
Internet: | www.steinhoffinternational.com | |
ISIN: | NL0011375019 | |
WKN: | A14XB9 | |
Indices: | MDAX | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange | |
End of News | DGAP News Service |