THARISA PLC – Interim dividend conversion rates and timetable

2019/05/16 07:05:00
SENS announcement for JSE listed company: THA
                        

THA 201905160002A
Interim dividend conversion rates and timetable

Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
ISIN: CY0103562118
(Tharisa or the Company)

Interim dividend conversion rates and timetable

In accordance with its dividend policy of distributing at least 15% of annual net profit after tax and
following the introduction of an interim dividend, the board has declared an interim cash dividend of
US$ 0.5 cent per ordinary share. The interim dividend will be paid on Wednesday, 19 June 2019 and
will be paid from income reserves.

Shareholders on the principal Cyprus register will be paid in US$, shareholders whose shares are held
through Central Securities Depositary Participants (CSDPs) and brokers and are traded on the JSE will
be paid in South African Rand (ZAR) and holders of Depositary Interests traded on the LSE will be paid
in Sterling (GBP). The currency equivalents of the dividend, based on the weighted average of the
South African Reserve Bank’s daily rate at approximately 10:30 (UTC +2) on 14 May 2019, being the
currency conversion date, are as follows:

Exchange rate Dividend per share in payment currency
South Africa – JSE ZAR 14.2540/US$ 7.1270 South African cents per share
United Kingdom – LSE GBP 0.7728/US$ 0.3864 pence per share

The timetable for the dividend declaration is as follows:

Declaration and currency conversion date Tuesday, 14 May 2019
Currency conversion rates announced Thursday, 16 May 2019
Last day to trade cum-dividend rights on the JSE Tuesday, 4 June 2019
Last day to trade cum-dividend rights on the LSE Wednesday, 5 June 2019
Shares will trade ex-dividend rights on the JSE Wednesday, 5 June 2019
Shares will trade ex-dividend rights on the LSE Thursday, 6 June 2019
Record date for payment on both JSE and LSE Friday, 7 June 2019
Dividend payment date Wednesday, 19 June 2019

No dematerialisation or rematerialisation of shares within Strate will be permitted between
Wednesday, 5 June 2019 and Friday, 7 June 2019, both days inclusive. No transfers between registers
will be permitted between Thursday, 16 May 2019 and Friday, 7 June 2019, both days inclusive.
Tax implications of the dividend

Shareholders and Depositary Interest holders should note that information provided should not be
regarded as tax advice.

Shareholders are advised that the dividend declared will be paid out of income reserves and may
therefore be subject to dividend withholding tax depending on the tax residency of the shareholder.

South African tax residents

South African shareholders are advised that the dividend constitutes a foreign dividend. For individual
South African tax resident shareholders, dividend withholding tax of 20% will be applied to the gross
dividend of 7.1270 South African cents per share. Therefore, the net dividend of 5.7016 South African
cents per share will be paid after 1.4254 South African cents in terms of dividend withholding tax has
been applied. Shareholders who are South African tax resident companies are exempt from dividend
tax and will receive the dividend of 7.1270 South African cents per share. This does not constitute legal
or tax advice and is based on taxation law and practice in South Africa. Shareholders should consult
their brokers, financial and/or tax advisors with regard to how they will be impacted by the payment
of the dividend.

UK tax residents

UK tax residents are advised that the dividend constitutes a foreign dividend and that they should
consult their brokers, financial and/or tax advisors with regard to how they will be impacted by the
payment of the dividend.

Cyprus tax residents

Individual Cyprus tax residents are advised that the dividend constitutes a local dividend and that they
should consult their brokers, financial and/or tax advisors with regard to how they will be impacted
by the payment of the dividend.

Additional information required by the JSE Listing Requirements

Tharisa has a total of 265 000 000 ordinary shares in issue on Wednesday, 15 May 2019, of which
263 836 192 carry voting rights and are eligible to receive dividends.

Paphos, Cyprus
16 May 2019

JSE Sponsor
Investec Bank Limited

Investor relations contact:
Tharisa plc
Daniel Thöle / Ilja Graulich
+27 61 400 2939 / +27 83 604 0820
Financial PR contacts:
Bobby Morse / Augustine Chipungu
+44 020 7466 5000
tharisa@buchanan.uk.com

Broker contacts:

Peel Hunt LLP (UK Joint Broker)
Ross Allister / James Bavister / David McKeown
+44 207 7418 8900

BMO Capital Markets Limited (UK Joint Broker)
Jeffrey Couch / Thomas Rider
+44 020 7236 1010

Berenberg (UK Joint Broker)
Matthew Armitt / Detlir Elezi
+44 20 3207 7800

Nedbank Limited (acting through its Corporate and Investment Banking division) (RSA Broker)
Shabbir Norath / Mlaoli Tonise
+27 11 294 3537 / +27 11 294 5382

Date: 16/05/2019 07:05:00 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.

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