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Cash dividend finalisation announcement
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 ANNOUNCEMENT
Shareholders are referred to the announcement released on the Botswana Stock Exchange ("BSE") and
Johannesburg Stock Exchange ("JSE") on 20 March 2025, wherein the Company confirmed that a gross final
dividend of 1.6 thebe per share, in respect of the six months ended 31 December 2024, had been declared
to shareholders appearing on the Company's JSE and BSE share registers on Friday, 25 April 2025
("Dividend").
In respect of shareholders registered on the BSE:
The Dividend net of Botswana withholding taxes of 10% shall be 1.44 thebe per share.
2025
Declaration date Wednesday, 19 March
Last day to trade cum dividend Tuesday, 22 April
Trading ex-dividend commences Wednesday, 23 April
Record date Friday, 25 April
Dividend payment date Thursday, 08 May
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 1.39 as of Monday, 7 April 2025,
and accordingly the gross Dividend payable to such shareholders is 2.22400 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.
2025
Declaration date Wednesday, 19 March
Currency determination date Monday, 07 April
Currency conversion rates announced (Finalisation announcement) Tuesday, 08 April
Last day to trade cum dividend Tuesday, 22 April
Trading ex-dividend commences Wednesday, 23 April
Record date Friday, 25 April
Dividend payment date Thursday, 08 May
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 1.77920 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 1.89040 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.
08 April 2025
BSE Sponsoring Broker JSE Sponsor
Motswedi Securities (Pty) Ltd PSG Capital
Date: 08-04-2025 04:30:00
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