The dividend has been declared from income reserves and no STC credits have been used.
A dividend withholding tax of 15% will be applicable to all shareholders who are not exempt from or who do not qualify for a reduced rate of withholding tax. The net dividend payable to shareholders subject to withholding tax at a rate of 15% thus amounts to 4.675 cents per preference share.
The issued preference share capital at the declaration date is 350 000 preference shares. Reunert's income tax reference number is 9100/101/71/7/P.
Immediately after the payment of the preference dividend, all of the 5.5% Cumulative Preference Shares will be redeemed and subsequently delisted from the JSE, as indicated in the company's circular to holders of the 5.5% Cumulative Preference Shares, issued on 5 June 2013 and in the company's separate announcement on the same date.
In compliance with the requirements of Strate, the following dates are applicable:
- Last date to trade preference shares "CUM" dividend -- Friday, 21 June 2013
- Suspension of the Preference Shares on the JSE trading system -- Monday, 24 June 2013
- Record date for determining shareholders entitled to dividend Friday, 28 June 2013
- Payment date -- Monday, 1 July 2013
- Listing of Preference Shares terminated on the JSE trading system -- Tuesday, 2 July 2013
Preference share certificates may not be dematerialised or rematerialised after Friday 21 June 2013.
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