JSE Sens

SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC - Notice of Dividend Currency Exchange Rate (South African Rand)

2022/06/27 17:34:00

Download PDF Stock report

                    Notice of Dividend Currency Exchange Rate (South African Rand)

Schroder European Real Estate Investment Trust PLC
(Incorporated in England and Wales)
Registration number: 09382477
JSE Share Code: SCD
LSE Ticker: SERE
ISIN number: GB00BY7R8K77
('SEREIT'/ 'the Company' / 'Group')



                                                                              27 June 2022

    NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

On 21 June 2022, Schroder European Real Estate Investment Trust plc (the “Company”)
announced its second interim dividend for the year ending 30 September 2022 of
1.85 euro cents per share and a special dividend of 4.75 euro cents per share, resulting in
a combined interim dividend of 6.6 euro cents per share.

The currency exchange rate applicable for the combined interim dividend payable in
South African cents to shareholders on the South African register is based on the
exchange rate on 27 June 2022 and is set out below:


                                                                    Dividend in South
 Combined declared       Euro cents per
                                            Exchange rate           African cents per
 dividend                share
                                                                    share


 Declared second
                         1.85               16.81000                31.0985
 interim dividend


 Declared special
                         4.75               16.81000                79.8475
 dividend


Dividend tax will be withheld from the amount of the gross dividend of 110.9460 South
African cents per share paid to shareholders on the South African register at the rate of
20% unless a shareholder qualifies for exemption.

After the dividend tax has been withheld, the net dividend for the declared second interim
dividend will be 24.8788 South African cents per share and the net dividend for declared
second interim dividend will be 63.8780 South African cents per share.

For the avoidance of doubt, dividend tax, and therefore the information provided in this
announcement, is only of direct application to shareholders on the South African register.
Enquiries:

Jeff O’Dwyer
Schroder Real Estate Investment Management Limited          Tel: 020 7658 6000

Ria Vavakis
Schroder Investment Management Limited                      Tel: 020 7658 2371

Dido Laurimore                                              Tel: 020 3727 1000
FTI Consulting

Shareholders on the South African branch register should direct any questions regarding
the application of the dividend tax to the Company’s Transfer Secretary:

Computershare Investor Services (Pty) Limited
Rosebank Towers, 15 Biermann Avenue
Rosebank, 2196, South Africa
Postal Address - Private Bag X9000
Saxonwold, 2132.
Telephone +27 11 373 0033
Facsimile +27 11 688 5218
Email enquiries: web.queries@computershare.co.za

The Company has a primary listing on the London Stock Exchange and a secondary listing
on the JSE Limited.

JSE Sponsor
PSG Capital

Date: 27-06-2022 05:34:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.