23 May 2017 11:00
AECI Limited - Declaration of Preference Share Dividend No. 158AECI Limited - Declaration of Preference Share Dividend No. 158
PR Newswire
London, May 23
AECI LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1924/002590/06)
Tax reference number: 9000008608
Share code: AFEP
ISIN: ZAE000000238
(“AECI” or “the Company”)
DECLARATION OF PREFERENCE SHARE DIVIDEND NO. 158
NOTICE IS HEREBY GIVEN that on Tuesday, 23 May 2017, the Directors of AECI declared a gross cash dividend, at the rate of 5,5% per annum (equivalent to 2,75 pence sterling), for the six months ending Thursday, 15 June 2017. The dividend is payable on Thursday, 15 June 2017 to holders of preference shares recorded in the register of the Company at the close of business on the record date, being Friday, 9 June 2017.
The last day to trade “cum” dividend will be Tuesday, 6 June 2017 and shares will commence trading “ex” dividend as from the commencement of business on Wednesday, 7 June 2017.
The dividend is declared in pound sterling and payment will be made from the offices of the Transfer Secretaries in South Africa and the United Kingdom on Thursday, 15 June 2017. Dividends payable from South Africa will be paid in South African currency at the rate of 46,89608 ZAR cents per share (gross dividend) in accordance with the exchange rate ruling on Monday, 15 May 2017 (1 pound sterling = ZAR17,05312).
A South African dividend withholding tax of 20% will be applicable to all shareholders who are not either exempt or entitled to a reduction of the withholding tax rate in terms of a relevant Double Taxation Agreement, resulting in a net dividend of 37,51686 cents per share payable to those shareholders who are not eligible for exemption or reduction. Application forms for exemption or reduction may be obtained from the Transfer Secretaries and must be returned to them on or before Tuesday, 6 June 2017.
Dividends payable from the United Kingdom office will be subject to such tax deductions as are prescribed by United Kingdom legislation unless a certificate exempting the shareholder concerned from such tax deduction is received before Tuesday, 6 June 2017.
The issued share capital of the Company at the declaration date is 121 829 083 listed ordinary shares, 10 117 951 unlisted redeemable convertible B ordinary shares and 3 000 000 listed cumulative preference shares. The dividend has been declared from the income reserves of the Company.
Any change of address or dividend instruction must be received on or before Tuesday, 6 June 2017.
Share certificates may not be dematerialised or rematerialised between Wednesday, 7 June 2017, and Friday, 9 June 2017, both days inclusive.
By order of the Board
E N RapooGroup Company SecretaryWoodmead, Sandton23 May 2017
Transfer SecretariesComputershare Investor Services (Pty) LtdRosebank Towers, 15 Biermann Avenue, Rosebank, 2196
andComputershare Investor Services PLCP O Box 82The PavilionsBridgwater RoadBristol BS99 7NHEngland
Registered office
1st Floor, AECI Place24 The WoodlandsWoodlands DriveWoodmeadSandton
Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)