Lon.Fin.&Inv.Grp. Increase in South African Dividend Withholding Tax

 
TIDMLFI 
 
London Finance and Investment Group P.L.C. 
 
(Incorporated in England with registered number 201151) 
 
LSE code: LFI 
 
JSE code: LNF 
 
ISIN: GB0002994001 
 
("the Company") 
 
South African Register: Increase in Dividend Withholding Tax by the South 
African Minister of Finance 
 
The Finance Minister Pravin Gordhan announced on 22 February 2017 during the 
delivery of the 2017 Budget an increase in the Dividend Withholding Tax from 
15% to 20%. The JSE has consulted with the South African Revenue Service and 
National Treasury and we have been advised that the effective date of the new 
rate is in respect of all dividends paid on or after 22 February 2017. 
 
Further to the above, and with reference to the Company's unaudited interim 
results for the six months ended 31 December 2016 and dividend declaration, 
published on SENS on 22 February 2017, shareholders on the South African 
register are advised to refer to the updated dividend tax information paragraph 
set out below: 
 
South Africa Register: Dividend tax Information 
 
South African Dividend Withholding Tax, at a rate of 20%, will be withheld from 
the gross interim dividend of 9.09791 ZAR cents to be paid to shareholders on 
the South African register, unless a shareholder qualifies for an exemption. 
After Dividend Withholding Tax has been withheld, the net dividend will be 
7.27833 ZAR cents per ordinary share. 
 
The interim dividend is regarded as a 'foreign dividend' for the purposes of 
the South African Dividend Withholding Tax. 
 
The Company's UK Income Tax reference number is 948/L32120. 
 
For the avoidance of doubt, Dividend Withholding Tax and the information 
provided above applies only to shareholders on the South African register. 
Shareholders on the South African register should direct any questions 
regarding the application of Dividend Withholding Tax to Computershare Investor 
Services Proprietary Limited, contact details for which are given below: 
 
Computershare Investor Services Proprietary Limited 
 
PO Box 61051, Marshalltown 2107, South Africa 
 
Tel: [phone] 
 
Email enquiries: [e-mail] 
 
The salient dates and other information provided in respect of the dividend 
recommendation announced on 22 February 2017 remain unchanged. 
 
United Kingdom 
 
28 February 2017 
 
Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) 
 
 
 
END 
 

(END) Dow Jones Newswires

February 28, 2017 02:00 ET (07:00 GMT)