PEGAS NONWOVENS S.A. announces information on the tax treatment applicable to the payment of EUR 1.05 per share, with the record date as at October, 19th 2012. The payment date is set on or about October 30th, 2012.
The payment (further referred to as the “dividend” or “dividends”) to be distributed by PEGAS NONWOVENS S.A. to its shareholders in 2012 shall in principle be subject to Luxembourg withholding tax. However, the payment up to the amount of the 2011 dividends, i.e. EUR 1.00 per share, will be distributed free of any withholdings. The remaining EUR 0.05 per share will be distributed after deducting the Luxembourg withholding tax. The withholding tax will be deducted at source by the Company from the
Dividends paid to all shareholders. The current withholding tax rate is 15%. The Company prepared general guidelines to all shareholders regarding the withholding tax applicable to dividends distributed by PEGAS in 2012. The shareholders who are in doubts as to their tax position in Luxembourg and/or in their state of residence or who need a specific advice should consult their professional advisors.Complete announcement is available HERE (pdf)
.Source: Pegas Nonwovens