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)