Business
2022 Second Interim Dividend - Exchange Rate
2022 Second Interim Dividend - Exchange Rate.
About this update from Shaftesbury Capital Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n CAPITAL & COUNTIES PROPERTIES PLC (the \"Company\" or \"Capco\")\n \n \n \n \n \n \n \n \n \n 2022 SECOND INTERIM CASH DIVIDEND - EXCHANGE RATE AND CONFIRMATION OF SPLIT BETWEEN PID AND ORDINARY DIVIDEND\n \n \n \n \n \n \n This announcement sets out additional information relating to the 2022 second interim cash dividend of 1.7 pence per ordinary share\n (of which 0.7 pence will be paid as a property income distribution (\"PID\") and 1.0 pence will be paid as an ordinary dividend)\n , which is t\n o be paid on Monday 20 March 2023 to all shareholders registered on Friday 3 March 2023\n .\n \n \n \n \n \n Exchange Rate for 2022 Second Interim Cash Dividend:\n \n \n \n \n \n The Company confirms that the ZAR exchange rate for the\n 2022 second interim cash dividend\n will be 21.76390 ZAR to 1 GBP, which is the rate determined on 20 February 2023.\n \n \n \n \n \n On this basis, shareholders who hold their shares via the South African register will receive a cash dividend of 36.99863 ZAR cents per ordinary share (33.95168 ZAR cents net of UK withholding tax). \n \n \n \n \n \n \n PID, NON-PID and WITHHOLDING TAXES\n \n \n \n \n \n \n The PID element of the 2022 second interim cash dividend (being 0.7 pence) will be subject to deduction of a 20 per cent UK withholding tax unless exemptions apply. The non-PID element (being 1.0 pence) will be treated as an ordinary UK company dividend. SA dividends tax will also apply, where applicable. Details of the split (per ordinary share), and withholding taxes are set out below:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n UK (p)\n \n \n \n \n \n \n SA (ZAR cents)\n \n \n \n \n \n \n \n Total (gross)\n \n \n \n \n 1.7\n \n \n \n \n 36.99863\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n PID (gross)\n \n \n \n \n 0.70\n \n \n \n \n 15.23473\n \n \n \n \n \n \n UK withholding tax (20%)\n \n \n \n \n 0.14\n \n \n \n \n 3.04695\n \n \n \n \n \n \n PID (net of UK withholding tax)\n \n \n \n \n 0.56\n \n \n \n \n 12.18778\n \n \n \n \n \n \n Less effective 5% SA dividends tax for SA shareholders, where applicable*\n \n \n \n \n -\n \n \n \n \n 0.76174\n \n \n \n \n \n \n Net PID payable\n \n \n \n \n 0.56\n \n \n \n \n 11.42605\n \n \n \n \n \n \n \n \n \n \n \...