Anglo - impact of change in tax legislation
Posted Thu, 12 Apr 2012
Anglo notes that, since the announcement of a recommended final dividend on 17 February 2012, the new dividend tax has been introduced in South Africa and the JSE listing requirements were amended with effect from 1 April 2012 to require the disclosure of additional information in relation to the dividend payment. The purpose of this announcement is to provide that additional information.
Dividend tax will be withheld from the amount of the gross final dividend of R3.5998 per ordinary share paid to South African shareholders at the rate of 15% unless a shareholder qualifies for an exemption. After the dividend tax has been withheld, the net dividend will be R3.0598300 per ordinary share. Anglo had a total of 1 327 527 156 ordinary shares in issue, excluding treasury shares, at the dividend record date of 30 March 2012. In South Africa the final dividend will, assuming approval by shareholders at the Anglo annual general meeting to be held on 19 April 2012, be distributed by Anglo South Africa Capital (Pty) Ltd., a South African company with tax registration number 9273/364/845, in terms of the company's dividend access share arrangements. No secondary tax on companies (STC) credits will be used for the payment of the final dividend.
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