REG - Greencoat Renewables - Notice of Dividend Currency Exchange Rate

Greencoat RenewablesAnnouncement

26/05/2026 07:00

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RNS Number : 5249F  Greencoat Renewables PLC  26 May 2026

 

 

NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE (SOUTH AFRICAN RAND)

 

On 8 May 2026, the Company announced its quarterly dividend for the period
ended 31 March 2026 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 Friday, 22 May 2026 and is set out below:

 

 Q1 Declared dividend              Exchange rate  Gross dividend in South African ("SA") cents per share
 1.70250 euro cents per share      19.01250       32.36878

 

The gross dividend in South African cents per share of 32.36878 will be
subject to Irish Dividend Withholding Tax ("Irish DWT") at a rate of 25%
(equalling 8.09220 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 24.27659 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 8 May 2026.

 

The dividend may also be subject to SA Dividends Tax at the rate of 20%
(equalling 6.47376 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 17.80283 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                             32.36878
 Less: 25% Irish DWT ¹                      8.09220
 Net dividend after deduction of Irish DWT  24.27659
 Less: 20% SA DWT ²                         6.47376
 Net dividend                               17.80283

 

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 ---

 

The Company has listings on the Alternative Investment Market of the LSE and
the Euronext Growth Market of Euronext Dublin and a secondary listing on the
Alternative Exchange of the JSE.

 

Ireland

26 May 2026

 

JSE Sponsor

Valeo Capital (Pty) Ltd

 

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)
 Melanie Farrell                                  +353 86 401 5250
 Conor Pierce                                     greencoat@fticonsulting.com (mailto:greencoat@fticonsulting.com)

 

About Greencoat Renewables PLC

Greencoat Renewables PLC is an investor in euro-denominated renewable energy
infrastructure assets. Initially focused solely on the acquisition and
management of operating wind farms in Ireland, the Company has expanded to
invest in wind and solar assets across other European countries with stable
and robust renewable energy frameworks. It has recently broadened its strategy
with the launch of a green digital infrastructure platform targeting renewably
powered data centre developments in Ireland and across Europe.

 

Greencoat Renewables is managed by Schroders Greencoat LLP, an experienced
investment manager in the listed renewable and energy infrastructure sector.

 

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