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URL Link [\Common\DDAP.SPRD.SENS.STORIES\SENS_20150831_S361688.pdf] Symbol [GRTSIL] SCIB: REIT Distribution announcement in relation to the GRT share - GRTSILThe Standard Bank of South Africa LimitedShare Code: GRTSILISIN Code: ZAE00019620031/08/2015REIT DISTRIBUTION ANNOUNCEMENT IN RELATION TO THE GRT SHARE INSTALMENTNotice is hereby given that as a result of the REIT distribution declarationrelating to Growthpoint Properties Ltd (GRT) shares, the holders of GRTSIL shareinstalments will receive a Growthpoint Properties Ltd (GRT) REIT distribution of44.50 cents (gross) per Instalment.As per the Growthpoint SENS announcement issued on 26/08/2015:Dividends received by or accrued to South African tax residents must be includedin the gross income of such shareholders and will not be exempt from the incometax in terms of the exclusion to the general dividend exemption contained insection 10(1)(k)(i)(aa) of the Income Tax Act, because they are dividendsdistributed by a REIT. These dividends are however exempt from dividendwithholding tax (Dividend Tax) in the hands of South African residentshareholders provided that the South African resident shareholders have providedto the Central Securities Depository Participant (CSDP) or broker, as the casemay be, in respect of uncertificated shares, or the company, in respect ofcertificated shares, a DTD(EX) (Dividend Tax: Declaration and undertaking to bemade by the beneficial owner of a share) form to prove their status as SouthAfrican residents.Dividends received by non-resident shareholders from a REIT will not be taxableas income and instead will be treated as ordinary dividends which are exemptfrom income tax in terms of the general dividend exemption section 10(1)(k) ofthe Income Tax Act. With effect from 1 January 2014, any dividend received by anon-resident from a REIT is subject to Dividend Tax at 15%, unless the rate isreduced in terms of any applicable agreement for the avoidance of doubletaxation (DTA) between South Africa and the country of residence of the non-resident shareholder. Assuming Dividend Tax will be withheld at a rate of 15%,the net amount due to non-resident shareholders is 37,82500 cents per share. Areduced dividend withholding tax rate in terms of the applicable DTA may only berelied on if the non-resident shareholder has provided the following forms totheir CSDP or broker, as the case may be, in respect of uncertificated shares,or the company, in respect of certificated shares: - a declaration that the dividend is subject to a reduced rate as a result ofthe application of the DTA; and - a written undertaking to inform the CSDP broker or the company, as the casemay be, should the circumstances affecting the reduced rate change or thebeneficial owner cease to be the beneficial owner, both in the form prescribedby the Commissioner of the South African Revenue Services.Last date to trade cum REIT distribution Friday, 11/09/2015Ex-REIT distribution Date Monday, 14/09/2015Record Date Friday, 18/09/2015Payment Date Monday, 21/09/2015For further information contact:Standard Bank WarrantsTel 0800 111 780Email: [email protected]Issuer: The Standard Bank of South Africa LimitedSponsor: SBG Securities (Pty) LimitedThis notice should be read together with the Common Terms Document, ConditionsAnnexure and relevant Supplement which collectively record the terms andconditions of the agreement between the Issuer and Warrant holders.Date: 31/08/2015 01:51:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.