TIDMTGA
RNS Number : 8453J
Thungela Resources Limited
21 August 2023
THUNGELA RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2021/303811/06
JSE Share Code: TGA
LSE Share Code: TGA
ISIN: ZAE000296554
Tax number: 9111917259
('Thungela' or the 'Company' and, together with its affiliates,
the 'Group')
ORDINARY CASH DIVIDEND DECLARATION
The Thungela board of directors approved the declaration of an
interim gross ordinary cash dividend of 1,000.00 cents per share
(South African rand). The dividend has been declared from retained
earnings accrued during the six-month period ended 30 June 2023.
The Company's issued share capital at the declaration date is
140,492,585 ordinary shares.
The salient dates pertaining to the cash dividend are as
follows:
JSE LSE
Declaration of ordinary cash Monday, Monday,
dividend and currency conversion
rate announced
21 August 2023 21 August 2023
--------------------------------- ------------------
Last day for trading to qualify Tuesday, Wednesday,
and participate in the dividend
19 September 2023 20 September 2023
--------------------------------- ------------------
Trading ex-dividend commences Wednesday, Thursday,
20 September 2023 21 September 2023
--------------------------------- ------------------
Record date Friday, Friday,
22 September 2023 22 September 2023
--------------------------------- ------------------
Payment date to shareholders Tuesday, Monday,
26 September 2023 9 October 2023
--------------------------------- ------------------
No transfers of shareholdings to and from South Africa or the
United Kingdom will be permitted between Tuesday, 19 September 2023
and Friday, 22 September 2023 (both dates inclusive). Share
certificates may not be dematerialised or rematerialised between
Wednesday, 20 September 2023 and Friday, 22 September 2023 (both
dates inclusive). Any changes to the dividend instructions and
timetable will be announced on SENS and RNS.
The salient dates have been set as above in order to allow
non-South African resident shareholders sufficient time to apply
for a reduced rate of dividend withholding tax in the event that
they may qualify for this.
The dividend is payable in South African rand to shareholders
recorded as such on the register on the record date and whose
shares are held through Central Securities Participants and brokers
traded on the JSE.
Shareholders on the United Kingdom register of members will be
paid in Pound sterling. The Pound sterling cash equivalent will be
calculated using the following exchange rate: GBP1:ZAR24.26300,
being the five-day (business days) average GBP:ZAR exchange rate
(Bloomberg) up to Thursday, 17 August 2023 .
Shareholders are encouraged to ensure that their bank mandates
or international payment instructions have been recorded by their
service provider or registrars before the last day to trade for
this dividend. Electronic payments ensure more efficient and timely
payment. It should be noted that cheques are no longer permitted to
be issued or processed by South African banks; however, in the UK
registrars will still issue and post cheques in the absence of
specific mandates or payment instructions.
TAX TREATMENT FOR SHAREHOLDERS ON THE SOUTH AFRICAN REGISTER
The dividend will have no tax consequences for Thungela but will
be subject to 20% withholding tax for shareholders who are not
exempt from dividends tax, or who do not qualify for a reduced rate
of withholding tax in terms of any applicable agreement for the
avoidance of double taxation (DTA) concluded between South Africa
and the country of residence of the shareholder.
Should dividend withholding tax be withheld at a rate of 20%,
the net dividend amount due to shareholders is 800.00 cents per
share (South African rand) - 1,000.00 cents gross dividend per
share less 200.00 cents dividend withholding tax per share.
TAX TREATMENT FOR SHAREHOLDERS ON THE UK REGISTER
Thungela has retained Computershare UK as intermediary to
receive and process the relevant prescribed declarations and forms
as set out below. Any reference below to documentation which is
required to be submitted to Thungela, should therefore be submitted
to Computershare UK.
Non-South African tax resident shareholders will be paid the
dividend subject to 20% withholding tax for shareholders. Certain
non-South African tax resident shareholders may, however, be
entitled to a reduced rate of dividends tax due to the provisions
of an applicable tax treaty.
Shareholders who qualify for an exemption from dividends tax in
terms of section 64F of the South African Income Tax Act 58 of 1962
must provide:
-- A declaration that the dividend is exempt from dividends tax.
-- A written undertaking to inform the regulated intermediary
should the circumstances affecting the exemption change or the
beneficial owner cease to be the beneficial owner, both in the form
prescribed by the Commissioner for the South African Revenue
Service to the regulated intermediary prior to the required date in
order to benefit from the exemption. The prescribed form has been
transposed onto the Computershare UK format.
Shareholders on the UK register will be sent the required
documentation for completion and return to Computershare UK.
Qualifying shareholders on the UK register are advised to arrange
for the above mentioned documents to be submitted to Computershare
UK by Friday, 15 September 2023 .
Should dividend withholding tax be withheld at a rate of 20%,
the net dividend amount due to shareholders is 32.98 pence per
share (Pound sterling) - 41.22 pence gross dividend per share less
8.24 pence dividend withholding tax per share.
By order of the board.
Date of SENS release: 21 August 2023
DISCLAIMER
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the market abuse regulation (EU) no. 596/2014 as amended by the
market abuse (amendment) (UK mar) regulations 2019. Upon the
publication of this announcement via the regulatory information
service, this inside information is now considered to be in the
public domain.
Transfer Secretaries (UK)
Computershare Investor Services
Email: WebCorres@computershare.co.uk
Transfer Secretaries (South Africa)
Computershare Investor Services Proprietary Limited
Email: Web.Queries@computershare.co.za
Investor Relations
Ryan Africa
Email: ryan.africa@thungela.com
UK Financial adviser and corporate broker
Liberum Capital Limited
Tel: +44 20 3100 2000
Sponsor
Rand Merchant Bank
(A division of FirstRand Bank Limited)
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END
DIVEAXPEALSDEFA
(END) Dow Jones Newswires
August 21, 2023 02:01 ET (06:01 GMT)
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