Notice of dividend currency exchange rate (rand)

RNS Number : 6307X

Schroder Eur Real Est Inv Trust PLC

13 August 2018

 

13 August 2018

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

On 3 August 2018, Schroder European Real Estate Investment Trust plc (the "Company") announced its third interim dividend for the year ending 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 13 August 2018 and is set out below:

Declared dividend	Exchange rate	Dividend in South African cents per share
1.85 euro cents per share	16.44500	30.42325

Dividend tax will be withheld from the amount of the gross dividend of 30.42325 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 24.33860 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

 

END

 

 

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