Dividend currency exchange rate (SA Rand)

RNS Number : 5846I

Schroder Eur Real Est Inv Trust PLC

14 December 2020

 

14 December 2020

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

On 9 December 2020, Schroder European Real Estate Investment Trust plc (the "Company") announced its fourth interim dividend for the year ended 30 September 2020 of 1.57   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 14 December 2020 and is set out below:

Declared dividend	Exchange rate	Dividend in South African cents per share
1.57 euro cents per share	18.24900	28.65093

Dividend tax will be withheld from the amount of the gross dividend of 28.65093 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 22.92074 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 - Private Bag X9000

Saxonwold, 2132.

Telephone [phone]

Facsimile [phone]

Email enquiries: [e-mail]

Schroder European Real Estate Investment Trust plc has a primary listing on the London Stock Exchange and a secondary listing on the JSE Limited.

JSE Sponsor:

PSG Capital

 

END

 

 

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