REG - Greencoat Renewables - Notice of Dividend Currency Exchange Rate

Greencoat RenewablesAnnouncement

Mon 10:15

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RNS Number : 7943U  Greencoat Renewables PLC  11 August 2025

 

 

 

 

 

 

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

 

On 29 July 2025, the Company announced its quarterly dividend for the period
ended 30 June 2025 of 1.70250 euro cents per share.

 

The currency exchange rate applicable for the quarterly dividend payable in
South African cents to shareholders on the South African register is based on
the exchange rate on 11 August 2025 and is set out below:

 

 Q2 Declared dividend              Exchange rate  Gross dividend in South African ("SA") cents per share
 1.70250 euro cents per share      20.62000       35.10555

 

The gross dividend in South African cents per share of 35.10555 will be
subject to Irish Dividend Withholding Tax ("Irish DWT") at a rate of 25%
(equalling 8.77639 SA cents per share), which will be withheld from the gross
dividend paid to SA shareholders. After the deduction of Irish DWT, the net
amount of the dividend will be 26.32916 SA cents per share.

 

Shareholders tax resident in South Africa can apply for a refund of the full
amount of the Irish DWT withheld from the Irish Revenue Commissioners. A
refund of Irish DWT can be claimed by shareholders tax resident in South
Africa in accordance with the relevant process noted in the announcement
published on SENS on 29 July 2025.

 

The dividend may also be subject to SA Dividends Tax at the rate of 20%
(equalling 7.02111 SA cents per share), unless a shareholder qualifies for an
exemption ("SA DWT"). After the deduction of Irish DWT and SA DWT, the net
amount of the dividend will be 19.30805 SA cents per share.

 

Any shareholder who receives a dividend which is subject to SA DWT (i.e where
no exemption is available) will qualify for a reduction in SA DWT in respect
of Irish DWT, to the extent that the Irish Revenue Commissioners does not
allow the refund of the Irish DWT after application for same.

 

The ultimate result, should Irish DWT be refunded, is that the dividend will
be subject to SA DWT at a rate of 20% (unless a shareholder qualifies for an
exemption from SA DWT).

 

Summary table

 

                                            ZAR cents
 Gross dividend                             35.10555
 Less: 25% Irish DWT ¹                      8.77639
 Net dividend after deduction of Irish DWT  26.32916
 Less: 20% SA DWT ²                         7.02111
 Net dividend                               19.30805

 

Notes:

1.   Shareholders tax resident in South Africa can apply for a refund of
Irish DWT withheld from the Irish Revenue Commissioners.

2.   Any shareholder who receives a dividend which is subject to SA DWT (i.e
where no exemption is available) will qualify for a reduction in SA DWT in
respect of the Irish DWT, to the extent that the Irish Revenue Commissioners
does not allow the refund of the Irish DWT after application for same.

 

Shareholders should seek independent professional tax advice if they are
uncertain about their tax position.

 

--- ENDS ---

 

 

     For further information, please contact:

 

 Schroders Greencoat LLP (Investment Manager)
 Bertrand Gautier
 Paul O'Donnell
 John Musk                                        +44 20 7832 9400

 FTI Consulting (Investor Relations & Media)
 Sam Moore                                        +353 87 737 9089
 Aoife Mullen                                     greencoat@fticonsulting.com (mailto:greencoat@fticonsulting.com)

 

 

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