NEPI Rockcastle finalises interim dividend election details

Shareholders of NEPI Rockcastle N.V. can opt to receive their interim dividend of €0.2795 per share either as a capital repayment (default option) or an ordinary cash dividend. For shares traded on the JSE and A2X, both options will be converted from Euro to South African Rand. Euronext Amsterdam shareholders will receive payments in Euros.

The capital repayment, treated as a return of capital, will not incur Dutch dividend tax and no South African dividend tax for SA shareholders, though it may result in capital gains tax depending on the shareholder's tax base. Conversely, the cash dividend will be subject to a 15% Dutch dividend tax, reducing the per-share distribution. Private individuals tax resident in South Africa will also face a 20% South African dividends withholding tax, potentially reduced to 10% under certain conditions, after the Dutch dividend withholding tax.

A net dividend of ZAR cents 434.29499 per share is expected for private individuals in South Africa electing the cash dividend, factoring in both Dutch and South African withholding taxes. A 5% Dutch dividend withholding tax refund may be available to eligible private individuals. Shareholders are advised to consult professional advisors regarding tax implications, particularly for those residing outside South Africa.