Last Updated: 2023.05.15
Announcements and Notices - [Announcement of Payment of Interim Dividend for the Six Months Ended February 28, 2023]
FAST RETAILING CO., LTD.
(181KB)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
FAST RETAILING CO., LTD.
迅銷有限公司
(Incorporated in Japan with limited liability)
(Stock code: 6288)
ANNOUNCEMENT OF PAYMENT OF INTERIM DIVIDEND
FOR THE SIX MONTHS ENDED FEBRUARY 28, 2023
Reference is made to the announcements of Fast Retailing Co., Ltd. (the "Company") dated February 9, 2023 and April 13, 2023 in relation to the interim dividend for the six months ended February 28, 2023. As mentioned therein, the approved interim dividend is JPY 1.25 per Hong Kong Depositary Receipt ("HDR"). Given the fact that the Company conducted a three-for-one stock split effective from March 1, 2023, and the record date of the interim dividend was February 28, 2023, the interim dividend will be paid per HDR of 3.75 yen based on the number of shares prior to the stock split.
Based on the information provided by the depositary of HDRs, the Company is pleased to announce that:
| (1) | the final gross amount of the interim dividend payable per HDR is HK$ 0.2174715 based on the Japanese yen / Hong Kong dollar exchange rate of 0.0579924 as of May 12, 2023; | |
| (2) | the final net amount of the interim dividend payable per HDR is HK$ 0.1601658 based on the Japanese yen / Hong Kong dollar exchange rate of 0.0579924 as of May 12, 2023, after deduction of the following charges by the HDR depositary: | |
| (a) | a withholding income tax of 15.315%* or HK$ 0.0333057 (Holders of HDRs should consult their own tax advisers for advice on the reduction of any withholding tax based on their own particular circumstances.); and | |
| (b) | a dividend fee of HK$ 0.024. | |
| * The current withholding income tax rate on dividends for Japanese listed equities is 15.315%. | ||
| (3) | holders of HDRs will receive the payment through JPMorgan Chase Bank, N.A., the depositary for the HDRs, on May 22, 2023. |
By order of the Board
Fast Retailing Co., Ltd.
Shea Yee Man
Company Secretary
Japan, May 15, 2023
As at the date of this announcement, the Executive Directors are Tadashi Yanai, Takeshi Okazaki, Kazumi Yanai and Koji Yanai and our independent non-executive directors are Nobumichi Hattori, Masaaki Shintaku, Naotake Ono, Kathy Mitsuko Koll (aka Kathy Matsui), Joji Kurumado and Yutaka Kyoya.
