AECI Limited Preference Dividend Declaration

 
TIDM87FZ 
 
AECI LIMITED 
 
                (Incorporated in the Republic of South Africa) 
 
                     (Registration Number 1924/002590/06) 
 
                       Tax reference number: 9000008608 
 
                    Share code: AFEP    ISIN: ZAE000000238 
 
                            Bond company code AECI 
 
                           ("AECI" or "the Company") 
 
DECLARATION OF PREFERENCE SHARE DIVIDEND NO. 162 
 
NOTICE IS HEREBY GIVEN that, on Tuesday, 21 May 2019, 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 Friday, 14 June 
2019. The dividend is payable on Friday, 14 June 2019 to holders of preference 
shares recorded in the register of the Company at the close of business on the 
record date, being Friday, 7 June 2019. 
 
The last day to trade "cum" dividend will be Tuesday, 4 June 2019 and shares 
will commence trading "ex" dividend as from the commencement of business on 
Wednesday, 5 June 2019. 
 
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 
Friday, 14 June 2019. Dividends payable from South Africa will be paid in South 
African currency at the rate of 51,10979 ZAR cents per share (gross dividend) 
in accordance with the exchange rate ruling on Monday, 13 May 2019 (1 pound 
sterling = ZAR18,58538). 
 
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 40,88783 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, 4 June 2019. 
 
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, 4 June 2019. 
 
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, 4 June 2019. 
 
Share certificates may not be dematerialised or rematerialised between 
Wednesday, 5 June 2019 and Friday, 7 June 2019, both days inclusive. 
 
By order of the Board 
 
E N Rapoo 
 
Group Company Secretary 
 
Woodmead, Sandton 
 
21 May 2019 
 
Transfer Secretaries 
 
Computershare Investor Services Proprietary Limited 
 
Rosebank Towers 
 
15 Biermann Avenue 
 
Rosebank, 2196 
 
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) 
 
 
 
END

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