Schroder Eur Real Est Inv Trust PLC Notice of dividend currency exchange rate (rand) (9751J)

TIDMSERE

RNS Number : 9751J

Schroder Eur Real Est Inv Trust PLC

10 December 2018

10 December 2018

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

On 3 December 2018, Schroder European Real Estate Investment Trust plc (the "Company") announced its fourth interim dividend for the year ended 30 September 2018 of 1.85 euro cents per share.

The currency exchange rate applicable for the dividend payable in South African cents to shareholders on the South African register is based on the exchange rate on 10 December 2018 and is set out below:

 
 Declared dividend      Exchange rate   Dividend in South 
                                         African cents per 
                                         share 
 1.85 euro cents per 
  share                 16.17000        29.91450 
                       --------------  ------------------- 
 

Dividend tax will be withheld from the amount of the gross dividend of 29.91450 South African cents per share paid to shareholders on the South African register at the rate of 20 per cent unless a shareholder qualifies for exemption.

After the dividend tax has been withheld, the net dividend will be 23.93160 South African cents per share.

For the avoidance of doubt, dividend tax, and therefore the information provided in this announcement, is only of direct application to shareholders on the South African register.

Enquiries:

Duncan Owen/Jeff O'Dwyer

   Schroder Real Estate Investment Management Limited                  Tel: [phone] 

Ria Vavakis

   Schroder Investment Management Limited                                   Tel: [phone] 
   Dido Laurimore                                                             Tel: [phone] 

FTI Consulting

Shareholders on the South African branch register should direct any questions regarding the application of the dividend tax to the Company's Transfer Secretary:

Computershare Investor Services (Pty) Limited

Rosebank Towers, 15 Biermann Avenue

Rosebank, 2196, South Africa

Postal Address - PO Box 61051

Marshalltown 2107

Telephone [phone]

Facsimile [phone]

Email enquiries: [e-mail]

JSE Sponsor:

PSG Capital Proprietary Limited

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December 10, 2018 07:00 ET (12:00 GMT)