SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC - Notice of dividend currency exchange rate (South African Rand)

What this filing means

The ZAR equivalent of Schroder European REIT's third interim dividend is set at 27.60200 South African cents per share (1.48 euro cents converted at a rate of 18.65000), with dividend tax of 20% reducing the net to 22.08160 South African cents per share. This is a mechanical currency-conversion notice for a dividend already announced on 17 September — no new economic content for shareholders on the South African register beyond the rate-setting exercise.

SCD's South African shareholders will receive their dividend in rands, so the company has to publish the exchange rate it is using to convert the 1.48 euro cents declared earlier into South African cents. That is all this notice does — it does not change the dividend amount, declare a new one, or update the company's financial position.