13 June 2017
NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)
On 25 May 2017, Schroder European Real Estate Investment Trust plc (the "Company") announced its second interim dividend for the year ending 30 September 2017 of 1.2 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 June 2017 and is set out below:
Declared dividend |
Exchange rate |
Dividend in South African cents per share |
1.2 euro cents per share |
14.39000 |
17.26800 |
Dividend tax will be withheld from the amount of the gross dividend of 17.26800 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 13.81440 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.
Duncan Owen/Tony Smedley
Schroder Real Estate Investment Management Limited Tel: 020 7658 6000
Ria Vavakis
Schroder Investment Management Limited Tel: 020 7658 2371
Dido Laurimore Tel: 020 3727 1000
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 +27 11 373 0033
Facsimile +27 11 688 5218
Email enquiries: [email protected]
LEI number: 549300BHT1Z8NI4RLD52
