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Latest News: Adrenna Property Group Ltd.ADRENNA [ANA]
(Suspended)

Fri, 15 Nov 2019	Official Announcement [TZ]
Adrenna - scheme consideration subject to DWT Shareholders are referred to the announcement released on SENS on 12 November 2019 relating to the withholding of dividend withholding tax from the Scheme Consideration and are advised that the Scheme Consideration of R1.30 per share will comprise 1 cent, being a refund of contributed tax capital, and 129 cents, which is deemed to be a dividend distribution payment in terms of the Income Tax Act, 58 of 1962 ("Income Tax Act"). The dividend distribution payment element of the Scheme Consideration will be subject to a dividend withholding tax ("DWT") at a rate of 20%, unless shareholders are exempt from DWT in terms of section 64F of the Income Tax Act, which will result in a net dividend distribution per share repurchased of R1.03200.
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