Aeci 5 1/2% Prf Regulatory News (87FZ)

AECI LTD - Dividend Declaration

PR Newswire

London, May 18

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 INTERIM PREFERENCE SHARE DIVIDEND NO. 156

NOTICE IS HEREBY GIVEN that, on Friday, 20 May 2016, the Directors of AECI declared a gross cash dividend, at the rate of 5,5 per cent per annum (equivalent to 2,75 pence sterling), for the six months ending Wednesday, 15 June 2016. The dividend is payable on Wednesday, 15 June 2016 to holders of preference shares recorded in the register of the Company at the close of business on the record date, being Friday, 10 June 2016.

The last day to trade “cum” dividend will be Friday, 3 June 2016 and shares will commence trading “ex” dividend as from the commencement of business on Monday, 6 June 2016.

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 Wednesday, 15 June 2016. Dividends payable from South Africa will be paid in South African currency at the rate of 61,38750 cents per share (gross dividend) in accordance with the exchange rate ruling on Monday, 16 May 2016 (1 pound sterling = ZAR22,32273).

A South African dividend withholding tax of 15% 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 52,17938 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 Friday, 3 June 2016.

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 Friday, 3 June 2016.

The issued share capital of the Company at the declaration date is 122 271 295 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 Friday, 3 June 2016. 

Share certificates may not be dematerialised or rematerialised between Monday, 6 June 2016 and Friday, 10 June 2016, both days inclusive.

By order of the Board

E N Rapoo

Group Company Secretary

Woodmead, Sandton

20 May 2016

Transfer Secretaries

Computershare Investor Services (Pty) Ltd

70 Marshall Street, Johannesburg 2001

and

Computershare Investor Services PLC

P O Box 82

The Pavilions

Bridgwater Road

Bristol BS99 7NH

England

Registered office

1st Floor, AECI Place

24 The Woodlands

Woodlands Drive

Woodmead

Sandton

Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)