REG - Shaftesbury Capital - 2025 Final Dividend - Exchange Rate

Shaftesbury CapitalAnnouncement

Today 09:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260409:nRSI6618Za&default-theme=true

RNS Number : 6618Z  Shaftesbury Capital PLC  09 April 2026

SHAFTESBURY CAPITAL PLC (the "Company" or "Shaftesbury Capital")

 

2025 FINAL CASH DIVIDEND - EXCHANGE RATE

 

This announcement sets out additional information relating to the 2025 final
cash dividend of 2.1 pence per ordinary share (to be paid wholly as a property
income distribution ("PID")), which is to be paid on Friday, 22 May 2026 to
all shareholders registered on Friday, 24 April 2026. The proposed final cash
dividend is subject to approval by shareholders at the Company's 2026 Annual
General Meeting, to be held on Thursday, 14 May 2026.

 

Exchange rate for 2025 final cash dividend:

 

The Company confirms that the ZAR exchange rate for the 2025 final cash
dividend will be 22.0544 ZAR to 1 GBP, which is the rate determined on
Wednesday, 8 April 2026.

 

On this basis, shareholders who hold their shares via the South African
register will receive a cash dividend of 46.31424 ZAR cents per ordinary share
(37.05139 ZAR cents net of UK withholding tax).

 

PID, NON-PID AND WITHHOLDING TAXES

 

The proposed 2025 final cash dividend (being 2.1 pence) will be subject to
deduction of a 20 per cent UK withholding tax unless exemptions apply. There
will be no Non-PID element of the proposed 2025 final cash dividend. South
African Dividends Tax will also apply, where applicable. Details of the
withholding taxes are set out below:

                                                                                UK (p)  SA (ZAR cents)
 Total (gross)                                                                  2.1     46.31424

 PID (gross)                                                                    2.1     46.31424
 UK withholding tax (20%)                                                       0.42    9.26285
 PID (net of UK withholding tax)                                                1.68    37.05139
 Less effective 5% South African Dividends Tax for South African shareholders,  -       2.31571
 where applicable*

 Net PID payable                                                                1.68    34.73568

*Where the 20% South African Dividends Tax rate applies, this will be 9.26285
ZAR cents per ordinary share on the proposed 2025 final cash dividend, and
after UK withholding tax and South African Dividends Tax have been withheld,
the total net proposed 2025 final cash dividend will be 27.78854 ZAR cents per
ordinary share (total net proposed 2025 final cash dividend where 5% South
African Dividends Tax applies is 34.73568 ZAR cents per ordinary share).

 

Information for shareholders:

 

The information below is included only as a general guide to taxation for
shareholders based on Shaftesbury Capital's understanding of the law and the
practice currently in force. Any shareholder who is in any doubt as to their
tax position should seek independent professional advice.

 

UK shareholders

 

The proposed 2025 final cash dividend will be paid wholly as a PID. Certain
categories of shareholders may be eligible for exemption from the 20 per cent
UK withholding tax and may register to receive their dividends on a gross
basis. Further information, including the required forms, is available from
the 'Investor Information' section of the Company's website
(https://www.shaftesburycapital.com/en/investors/investor-information.html),
or on request from the Company's UK registrar, MUFG Corporate Markets.
Validly completed forms must be received by MUFG Corporate Markets no later
than the dividend record date, as advised; otherwise the dividend will be paid
after deduction of tax.

 

There will be no Non-PID element of the final cash dividend.

 

South African shareholders

 

The proposed 2025 final cash dividend declared by the Company is a foreign
payment and the funds are sourced from the UK.

 

PID: The proposed 2025 final cash dividend will be paid wholly as a PID and a
20 per cent UK withholding tax is applicable to a PID. As such, South African
shareholders may apply to HMRC after payment of the proposed 2025 final cash
dividend for a refund of the difference between the 20 per cent UK withholding
tax and the UK/South African double taxation treaty rate of 15 per cent.

 

The proposed 2025 final cash dividend will be exempt from income tax but will
constitute a dividend for Dividends Tax purposes, as it will be declared in
respect of a share listed on the exchange operated by the Johannesburg Stock
Exchange. South African Dividends Tax will therefore be withheld from the
proposed 2025 final cash dividend at a rate of 20 per cent, unless a
shareholder qualifies for an exemption and the prescribed requirements for
effecting the exemption are in place by the requisite date. Certain
shareholders may also qualify for a reduction of South African Dividends Tax
liability to 5 per cent, (being the difference between the South African
Dividends Tax rate and the effective UK withholding tax rate of 15 per cent)
if the prescribed requirements for effecting the reduction are in place by the
requisite date.

 

Non-PID: There will be no Non-PID element of the proposed 2025 final cash
dividend.

 

Other overseas shareholders

 

Other non-UK shareholders may be able to make claims for a refund of UK
withholding tax deducted pursuant to the application of a relevant double
taxation convention. UK withholding tax refunds can only be claimed from HMRC,
the UK tax authority.

 

Additional information on PIDs and ordinary dividends (Non-PIDs) can be found
at:
https://www.shaftesburycapital.com/en/investors/investor-information/reit.html

 

The salient dates in the dividend timetable included in the preliminary
results announcement published on Wednesday, 25 February 2026 remain
unchanged.

 

 

Enquiries:

Ruth Pavey

Company Secretary

Shaftesbury Capital PLC

 

Tel: + 44 (0) 20 3214 9150

 

9 April 2026

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DIVFIFEASRITIIR



            Copyright 2019 Regulatory News Service, all rights reserved