Business
2023 Interim Dividend - Exchange Rate
2023 Interim Dividend - Exchange Rate.
About this update from Shaftesbury Capital Plc
[{"type":"text","content":"\n\n \nSHAFTESBURY CAPITAL PLC (the \"Company\" or \"Shaftesbury Capital\")\n \n2023 INTERIM CASH DIVIDEND - EXCHANGE RATE\n \nThis announcement sets out additional information relating to the 2023 interim cash dividend of 1.5 pence per ordinary share (to be paid wholly as an ordinary dividend), which is to be paid on Monday 18 September 2023 to all shareholders registered on Friday 25 August 2023.\n \nExchange Rate for 2023 Interim Cash Dividend:\n \nThe Company confirms that the ZAR exchange rate for the 2023 interim cash dividend will be 24.07150 ZAR to 1 GBP, which is the rate determined on 14 August 2023.\n \nOn this basis, shareholders who hold their shares via the South African register will receive a cash dividend of 36.10725 ZAR cents per ordinary share. \n \nSA DIVIDENDS TAX\n \nThe 2023 interim cash dividend will be treated as an ordinary UK company dividend. SA Dividends Tax will also apply, where applicable. Details of the withholding tax (per ordinary share) are set out below:\n \n\n\n\n\n\n\nUK (p)\n\n\nSA (ZAR cents)\n\n\n\n\nTotal (gross)\n\n\n1.5\n\n\n36.10725\n\n\n\n\nLess SA dividends tax (20%)\n\n\n-\n\n\n7.22145\n\n\n\n\nNet ordinary dividend (Non-PID) payable\n\n\n1.5\n\n\n28.88580\n\n\n\n \n \nInformation for shareholders:\n \nThe information below is included only as a general guide to taxation for shareholders based on the Company's understanding of the law and the practice currently in force. Any shareholder who is in any doubt as to their tax position should seek independent professional advice.\n \nUK shareholders\n \nThere is no PID element of the interim cash dividend. The entire interim cash dividend will be paid as an ordinary dividend (Non-PID) and therefore treated as an ordinary UK company dividend.\n \nSouth African shareholders\n \nThe 2023 interim cash dividend declared by the Company is a foreign payment and the funds are sourced from the UK.\n \nPIDs: There is no PID element of the 2023 interim cash dividend.\n \nNon PID: The entire 2023 interim cash dividend will be paid as an ordinary UK dividend (Non-PID), and as such the 2023 interim cash dividend will be exempt from income tax but will constitute a dividend for SA Dividends Tax purposes, as it will be declared in respect of a share listed o...