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Cash dividend finalisation and currency conversion announcement - Dividend
CHOPPIES ENTERPRISES LIMITED
Registration number BW00001142508
ISIN: BW0000001072
BSE SHARE CODE: CHOP-EQO
JSE SHARE CODE: CHP
Tax Reference Number: C08710401018
("Choppies" or "Company")
CASH DIVIDEND FINALISATION AND CURRENCY CONVERSION ANNOUNCEMENT – DIVIDEND
NUMBER 08
Shareholders are referred to the announcement released on the Botswana Stock Exchange ("BSE") and
Johannesburg Stock Exchange ("JSE") on 25 September 2024, wherein the Company confirmed that a gross
final dividend of 1.4 thebe per share, in respect of the twelve months ended 30 June 2024, had been declared
to shareholders appearing on the Company's JSE and BSE share registers on Friday, 18 October 2024
("Dividend").
In respect of shareholders registered on the BSE:
The Dividend net of Botswana withholding taxes of 10% shall be 1.26 thebe per share.
2024
Declaration date Wednesday, 25 September
Last day to trade cum Dividend Tuesday, 15 October
Trading ex-Dividend commences Wednesday, 16 October
Record date Friday, 18 October
Dividend payment date Monday, 28 October
In respect of shareholders registered on the JSE:
The Dividend shall be paid in Rand to shareholders on the South African register, calculated at the Botswana
Pula ("BWP") to South African Rand ("ZAR") exchange rate of BWP 1 / ZAR 1.33 as at Tuesday,
01 October 2024, and accordingly the gross Dividend payable to such shareholders is 1.86200 cents per
share, less withholding taxes (see below). The Dividend has been declared from income reserves and is a
foreign dividend in respect of South African resident shareholders.
2024
Declaration date Wednesday, 25 September
Currency determination date Tuesday, 01 October
Last day to trade cum Dividend Tuesday, 15 October
Trading ex-Dividend commences Wednesday, 16 October
Record date Friday, 18 October
Dividend payment date Monday, 28 October
The following information is provided to shareholders in respect of dividend tax:
- Shareholders are advised that Botswana dividend withholding tax of 10% on the declared dividend will
be applicable to all shareholders.
- Dividends payable to non-exempt shareholders registered on the JSE are subject to 20% withholding tax
in accordance with the South African Income Tax Act, unless varied in accordance with any relevant
Double Tax Agreement. The applicable South African withholding tax is reduced by the amount of the
Botswana dividend withholding tax deducted, resulting in a maximum withholding tax rate on dividends
of 20%, being a net amount of 1.48960 cents per share.
- Withholding taxes on dividends payable to Botswana residents, non-exempt shareholders registered on
the JSE, are restricted to 15% in accordance with the Botswana/South Africa Double Tax Agreement,
resulting in a net amount of 1.58270 cents per share.
- Shareholders must acknowledge that neither the Company nor its advisors provide any specific tax advice
in connection with this notice. The Company makes no representations concerning the tax consequences
of this notice. Shareholders must consult with their tax advisors concerning the tax consequences of this
notice.
The Company has a primary listing on the BSE and a secondary listing on the JSE.
03 October 2024
BSE Sponsoring Broker JSE Sponsor
Motswedi Securities (Pty) Ltd PSG Capital
Date: 03-10-2024 09:00:00
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