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     Latest News: Iliad Africa Ltd.ILIAD [ILA]
    (Suspended)
     Thu, 17 Dec 2015 Official Announcement [RD] 
    Iliad - finalisation announcement
    Iliad shareholders are referred to the announcement published on the Stock Exchange News Service (“SENS”) of the JSE Ltd. (“JSE”) on 15 December 2015 regarding finalisation of the Scheme of arrangement (“scheme”) between Steinhoff International Holdings Ltd. and the Iliad Shareholders as well as Iliad declaring a Special Dividend of 24 cents per share (gross) as all the conditions precedent to the Scheme have been met.

    Shareholders are advised that the Special Dividend of 24 cents per share (gross) is a dividend as defined in the Income Tax Act, Act 58 of 1962 (“act”), and in terms of this act; a dividend withholding tax rate of 15% is applicable to Shareholders who are not exempt from the dividend withholding tax, resulting in a net dividend amount of 20.4 cents per share. There are 138 217 794 Iliad Ordinary Shares in issue and the gross amount of the Special Dividend to be declared will be R32 177 102.40. Iliad’s tax reference number is 9269/002/71/4. Iliad has no secondary tax on companies credits available to cover the dividend withholding tax rate of 15% on shareholders not exempt.
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    Closing price data source: JSE Ltd. All other statistics calculated by ProfileData.
       

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