AECI Limited Preference Dividend Declaration
November 23 2021 - 5:00AM
UK Regulatory
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
LEI: 3789008641F1D3D90E85
(AECI or the Company)
DECLARATION OF PREFERENCE SHARE DIVIDEND NO. 167
Notice is hereby given that on Tuesday, 23 November 2021, 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
December 2021. The dividend is payable on Wednesday, 15 December 2021 to
holders of preference shares recorded in the register of the Company at the
close of business on the record date, being Friday, 10 December 2021.
The last day to trade 'cum' dividend will be Tuesday, 7 December 2021 and
shares will commence trading 'ex' dividend as from the commencement of business
on Wednesday, 8 December 2021.
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
Tuesday, 15 December 2021. Dividends payable from South Africa will be paid in
South African currency at the rate of 58,31403 ZAR cents per share (gross
dividend) in accordance with the exchange rate ruling on Monday, 22 November
2021 (1 pound sterling = ZAR21,2051).
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 46.65122 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, 7 December 2021.
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, 7 December 2021.
The issued share capital of the Company at the declaration date is 109 944 384
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, 7 December 2021.
Share certificates may not be dematerialised or rematerialised between
Wednesday, 8 December 2021 and Friday, 10 December 2021, both days inclusive.
By order of the Board
C Singh
Group Company Secretary
Woodmead, Sandton
23 November 2021
Transfer Secretaries
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
and
Computershare Investor Services PLC
PO Box 82
The Pavilions
Bridgwater Road
Bristol BS99 7NH
England
Registered office
1st Floor, AECI Place
24 The Woodlands
Woodlands Drive
Woodmead
Sandton
Equity and Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
END
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