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Canal+ - dividend currency conversion
CANAL+ referred shareholders to the pre-listing announcement published on SENS on 12 May 2026, wherein shareholders were advised of the proposed dividend payment, announced on 11 March 2026 by the CANAL+ Management Board (as approved by the CANAL+ Supervisory Board) of EUR2.2 cents per CANAL+ ordinary share (representing a total distribution of c. EUR21 572 127.66 based on the number of shares entitled to dividend as of 31 December 2025) (2025 Final Dividend).
French tax implications
According to French tax law, the 2025 Final Dividend of EUR21 572 127.66 (i.e. EUR2.2 cents per CANAL+ ordinary share) will comprise of the following:
• return of share premium for EUR10 940 545.35 (i.e. EUR1.11575 cents per CANAL+ ordinary share), which is not qualified as an income and, therefore, is not subject to dividends withholding tax; and
• dividends for EUR10 631 582.31 (i.e. EUR1.08425 cents per CANAL+ ordinary share). Dividends paid to non-French tax residents will be subject to a withholding tax currently levied at a rate of 25%. Non-French tax residents are invited to contact their stockbroker/trading platform and their tax advisers to determine whether, and under what conditions, depending on their own tax situation, they may claim a refund of all or part of the French withholding tax (the "French WHT").
South Africa Branch Register: Dividend Rate
Shareholders holding their shares on the South African branch register will receive the 2025 Final Dividend in South African cents, converted at a rate of EUR1 to ZAR18.96928 Therefore, the equivalent gross 2025 Final dividend of EUR1.08425 cents per CANAL+ ordinary share in South African cents per ordinary share will be 20.56736.
South African tax implications
Return of Foreign Capital
The portion of the 2025 Final Dividend which comprises a return of share premium is a return of foreign capital (capital reduction) under South African tax law, in the amount of EUR10 940 545.35 (i.e. EUR1.11575 euro cents per CANAL+ ordinary share, equivalent to 21.16506 South African cents per ordinary share). No South African dividend tax will be withheld on the amounts paid to shareholders as a foreign return of capital. Taxpayers are cautioned to take advice as to how these amounts should be treated for South African tax purposes.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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