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Interim Dividend Declaration

28 Jul 2025 07:05

RNS Number : 7524S
Valterra Platinum Limited
28 July 2025
 

Valterra Platinum Limited

(previously Anglo American Platinum Limited)

(Incorporated in the Republic of South Africa)

(Registration number: 1946/022452/06)

JSE Share Code: VAL

LSE Share Code: VALT

ISIN: ZAE000013181

("the Company" or "Valterra Platinum")

 

28 July 2025

 

Interim Dividend Declaration

 

Interim ordinary cash dividend declaration

 

The Board is pleased to advise that at its meeting held on 24 July 2025, the directors approved the declaration of a gross interim dividend of R0.5 billion (R2.00 per share (200 cents per share)) on the ordinary shares from profits accrued during the six-month period ended 30 June 2025. The dividend pay-out is aligned with the Company's dividend policy of 40% of headline earnings.

 

Important dates

JSE

LSE

Publication of declaration data and currency conversion rate announced

Monday 28 July 2025

Monday 28 July 2025

Last day for trading to qualify and participate in the dividend

Tuesday 19 August 2025

Wednesday 20 August 2025

Trading ex-dividend commences

Wednesday 20 August 2025

Thursday 21 August 2025

Record date

Friday 22 August 2025

Friday 22 August 2025

Dividend payment date

Monday 25 August 2025

Monday 08 September 2025

 

Share certificates may not be dematerialised or rematerialised between Wednesday 20 August 2025 and Friday 22 August 2025, both dates inclusive, nor may any transfers of shareholdings between the South African share register and the Jersey Branch register be permitted between Tuesday 19 August 2025 and Friday 22 August 2025, both dates inclusive. Any changes to the dividend instructions and timetable will be announced on the Johannesburg Stock Exchange News Service and the LSE Regulatory News Service.

 

The salient dates have been set out above to allow non-South African resident shareholders sufficient time to apply for a reduced rate of dividend withholding tax if they qualify for this.

 

The dividend will be paid in South African Rand for shareholders on the South African share register and in Pound Sterling for shareholders on the Jersey Branch register, UK Depositary Interest Register and UK Corporate Sponsored Nominee register. The Pound Sterling cash equivalent is 8.37482 pence per share (Pound Stirling) based on an exchange rate of GBP1:ZAR23.88110 as quoted by Bloomberg at 17:00 (CAT) on 25 July 2025.

 

Tax treatment for shareholders on the South African share register

 

The dividend will incur a 20% withholding tax unless an exemption or reduced rate is applicable under a tax treaty. Should the dividend withholding tax be withheld at the full rate of 20%, the net dividend will be R1.60 per share (160 cents per share).

 

Tax treatment for shareholders on the Jersey Branch register, UK Depositary Interest Register and UK Corporate Sponsored Nominee register

 

Valterra Platinum has retained Computershare UK as an intermediary to receive and process the relevant prescribed declarations and forms as set out below. Any reference below to documentation, which is required to be submitted to Valterra Platinum, should therefore be submitted to Computershare UK.

 

Non-South African tax resident shareholders will be paid the dividend subject to 20% dividend withholding tax. However, non-South African tax resident shareholders may be entitled to a reduced rate of dividends tax due to the provisions of an applicable tax treaty.

 

Shareholders who qualify for an exemption from or reduction in dividends tax in terms of section 64F of the South African Income Tax Act 58 of 1962 must provide the following:

 

• A declaration that the dividend is exempt from dividends tax.

 

• A written undertaking to inform the regulated intermediary should the circumstances affecting the exemption change or if the beneficial owner ceases to be the beneficial owner, both in the form prescribed by the Commissioner for the South African Revenue Service to the regulated intermediary prior to the required date to benefit from the exemption. The prescribed form has been transposed onto the Computershare UK format.

 

Shareholders on the Jersey Branch register, UK Depositary Interest register, and UK Corporate Sponsored Nominee register will be sent the required documentation for completion and return to Computershare UK. Qualifying shareholders on the Jersey Branch register, UK Depositary Interest register, and UK Corporate Sponsored Nominee register are advised to arrange for the above mentioned documents to be submitted to Computershare UK by Friday, 22 August 2025.

 

JSE Sponsor:

Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities

 

For further information, please contact:

 

Company Secretary

Fiona Edmundson

fiona.edmundson@valterraplatinum.com

 

Investors:

Theto Maake

platinumIR@valterraplatinum.com

 

Leroy Mnguni

Leroy.mnguni@valterraplatinum.com

platinumIR@valterraplatinum.com

Marcela Grochowina

marcela.grochowina@valterraplatinum.com

platinumIR@valterraplatinum.com

 

Media:

Cindy Maneveld

cindy.maneveld@valterraplatinum.com

 

About Valterra Platinum

Valterra Platinum Limited is one of the world's leading integrated producers of platinum group metals (PGMs) with a primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange. With a portfolio of world class, long-life mines and the most efficient processing assets in the industry, the Company responsibly mines, smelts and refines PGMs and associated co-products from its operations located in South Africa and Zimbabwe. With its integrated value chain, supported by marketing hubs in London, Singapore and Shanghai, the Company delivers tailored solutions for its customers. The Company continues to integrate sustainability into everything it does, supports investment in its mining and processing capabilities and pursues market development activities to grow and commercialise new demand segments. It also makes a meaningful impact to communities around its operations and will deliver consistent and superior returns to shareholders. Valterra Platinum is committed to zero harm, capital allocation discipline and delivering on our value-accretive strategic priorities as a standalone, leading integrated PGM producer, guided by our purpose of unearthing value to better our world.

 

Cautionary Statements

This announcement contains inside information. Upon publication of this announcement on the Johannesburg Stock Exchange News Service and the LSE Regulatory News Service, the inside information is considered to be in the public domain.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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