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LONDON - Bytes Technology Group plc (LSE:LON:BYIT) has announced the currency exchange rate for its final and special dividends for shareholders on its South African register.
According to a press release statement issued Monday, South African shareholders will receive the rand equivalent of the previously announced dividends of 6.9 pence per share (final) and 10.0 pence per share (special).
The exchange rate has been set at GBP1:ZAR24.14819, calculated on Monday at 09:00 BST. This translates to 166.62251 cents per share for the final dividend and 241.48190 cents per share for the special dividend.
After applying the 20% dividend withholding tax for non-exempt shareholders, the net amounts will be 133.29801 cents per share for the final dividend and 193.18552 cents per share for the special dividend.
The dividends were approved by shareholders at the company’s Annual General Meeting held on July 2, 2025. Payment is scheduled for July 25, 2025, to shareholders registered at the close of business on the record date of July 11, 2025.
The dividends are from retained earnings for the full year ended February 28, 2025, as announced in the company’s financial results released on May 13, 2025.
Bytes Technology Group maintains a primary listing on the Main Market of the London Stock Exchange (LON:LSEG) and a secondary listing on the Johannesburg Stock Exchange.
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