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2/24/2017 7:45:00 AM
|AIP: ADCOCK INGRAM HOLDINGS LIMITED - Change in the dividend withholding tax rate|
AIP: ADCOCK INGRAM HOLDINGS LIMITED - Change in the dividend withholding tax rate Change in the dividend withholding tax rate Adcock Ingram Holdings Limited Incorporated in the Republic of South Africa (Registration number 2007/016236/06) Share code: AIP ISIN: ZAE000123436 ("Adcock Ingram" or "the Company") CHANGE IN THE DIVIDEND WITHHOLDING TAX RATE Shareholders are advised that following the announcement by the South African Minister of Finance on 22 February 2017, the dividend withholding tax rate has been increased from 15.0% to 20.0%, effective 22 February 2017. Further to the announcement released on the Stock Exchange News Service of the JSE Limited on 22 February 2017, of the unaudited results of the Company for the six-month period ended 31 December 2016, shareholders are requested to refer to the updated dividend declaration paragraph included below: CASH DIVIDEND The Board has declared an interim gross dividend out of income reserves of 63 cents per share in respect of the six months ended 31 December 2016. The South African dividend tax ("DT") rate is 20% and the net dividend payable to shareholders who are not exempt from DT is 50.40 cents per share. Adcock Ingram currently has 175 748 048 ordinary shares in issue of which 149 905 089 qualify for ordinary dividends. The income tax reference number is 9528/919/15/3. The salient dates for the distribution are detailed below: Last date to trade cum distribution Tuesday, 14 March 2017 Shares trade ex distribution Wednesday, 15 March 2017 Record date Friday, 17 March 2017 Payment date Monday, 20 March 2017 Share certificates may not be dematerialised or rematerialised between Wednesday, 15 March 2017 and Friday, 17 March 2017, both dates inclusive. Midrand 24 February 2017 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 24/02/2017 07:45:00 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.
|2017-02-24 07:45:00 Source: JSE News Service (SENS)|