Steinhoff International Holdings N.v. - Steinhoff International Holdings N.v.: Announcement Of Interim Distribution Of 12 Euro Cents Per Ordinary Share
Release Date: 16/11/2016 07:05:00 Code(s): SNH Email this JSE Sens Item to a Friend Printer Friendly Version
Steinhoff International Holdings N.V.: Announcement Of Interim Distribution Of 12 Euro Cents Per Ordinary Share
STEINHOFF INTERNATIONAL HOLDINGS N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share code: SNH
ISIN: NL0011375019
Ad hoc announcement pursuant to Article 17 MAR
STEINHOFF INTERNATIONAL HOLDINGS N.V.: ANNOUNCEMENT OF INTERIM DISTRIBUTION OF 12
EURO CENTS PER ORDINARY SHARE
Stellenbosch – [15 November 2016] – Today, the management board of Steinhoff International
Holdings N.V. (the “Company” or “Steinhoff”), with the approval of the Company’s supervisory
board, resolved to declare an interim distribution of 12 Euro cents per Steinhoff ordinary share.
This amount is based on the adjusted diluted earnings per Steinhoff ordinary share of 29.5 Euro
cents for the 12 month period which ended on 30 June 2016, as announced on
7 September 2016.
The interim distribution will be paid in cash through the clearing systems to shareholders
registered as such after the close of trading on Friday, 2 December 2016 (the “Record Date”).
The last day to trade in Steinhoff shares in order to ensure that the purchaser is registered as a
shareholder on the Record Date will be as follows:
Wednesday, 30 November 2016 for shares traded on the Frankfurt Stock Exchange (the “FSE”).
Shares held on the FSE will commence trading ex-entitlement with the commencement of
trade on Thursday, 1 December 2016; and
Tuesday 29 November 2016 for shares traded on the Johannesburg Stock Exchange operated
by the JSE Limited (the “JSE”). Shares held on the JSE will commence trading ex-entitlement
with the commencement of trade on Wednesday 30 November 2016.
The Euro amount will be distributed to shareholders holding their Steinhoff ordinary shares on
the FSE and for shareholders who hold their Steinhoff ordinary shares on the JSE will be
exchanged and paid in South African Rand. The exchange rate applicable will be announced
on 22 November 2016 (the “Finalisation Date”). The dividend payment date will be Tuesday,
6 December 2016.
SALIENT DATES AND TIMES FOR SHARES HELD ON THE FSE 2016
Last day to trade in shares on the FSE in order to be eligible
Wednesday, 30 November
for the distribution
Shares trade ex-entitlement on the FSE Thursday, 1 December
Record Date Friday, 2 December
Payment date Tuesday, 6 December
Note:
As a result of different settlement periods applied by the FSE (T+2) and JSE (T+3), the Last day to Trade in each jurisdiction falls
on different dates, but the Record Date is aligned. Between the Finalisation Date (22 November 2016) and the Payment Date
(6 December 2016) there will be an embargo on transfers between the two settlement systems, being Clearstream for the FSE
and Strate for the JSE.
SALIENT DATES AND TIMES FOR SHARES TRADED ON THE JSE 2016
ZAR equivalent distribution announcement date
Tuesday, 22 November
(Finalisation Date for JSE listed shares)
Last day to trade in shares on the JSE in order to be eligible
Tuesday, 29 November
for the distribution
Shares trade ex-entitlement on the JSE Wednesday, 30 November
Record Date Friday, 2 December
Payment date Tuesday, 6 December
Note:
As a result of different settlement periods applied by the FSE (T+2) and JSE (T+3), the Last day to Trade in each jurisdiction falls
on different dates, but the Record Date is aligned. Between the Finalisation Date (22 November 2016) and the Payment Date
(6 December 2016) there will be an embargo on transfers between the two settlement systems, being Clearstream for the FSE
and Strate for the JSE.
Dividends Withholding Tax
The distribution will be payable in Euro. As the Company is a South African Tax Resident, the
distribution will be subject to a South African dividends’ withholding tax at a dividend tax rate
of 15%, resulting in a net cash distribution of 10.2 Euro cents per share, unless the relevant
shareholder is exempt from South African dividend tax or is entitled to a reduced rate in terms
of the applicable double tax agreement. The Company’s South African income tax reference
number is 9088/208/229. At the date of declaration of the distribution the company had
4,253,551,251 ordinary shares in issue.
If shareholders are uncertain as to the tax treatment, they should consult their own tax advisors.
Final dividend
This interim dividend, including any additional declaration recommended by the
Management and Supervisory boards, will be presented to shareholders for approval as the
final dividend at the group’s annual general meeting scheduled to be held on 14 March 2017
in Amsterdam. Shareholders are referred to the shareholders diary available on the Company’s
website
www.steinhoffinternational.com.
Future dividends
With reference to the change of year end approved by shareholders on 30 May 2016,
declarations in respect of future financial years will be made after the publication of the
annual results of the Company and will be presented for approval by the shareholders at the
respective annual general meetings, scheduled to be held in March annually.
Steinhoff International Holdings N.V.
Management Board
15 November 2016
JSE Sponsor: PSG Capital Proprietary Limited
Date: 16/11/2016 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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