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 
 
LEI: 3789008641F1D3D90E85 
 
(AECI or the Company) 
 
DECLARATION OF CUMULATIVE 5.5 PER CENT PREFERENCE SHARE DIVIDEND NO. 169 
 
Notice is hereby given that on Tuesday, 22 November 2022, 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 Thursday, 15 
December 2022. The dividend is payable on Thursday, 15 December 2022 to holders 
of preference shares recorded in the register of the Company at the close of 
business on the record date, being, Friday, 9 December 2022. 
 
The last day to trade 'cum' dividend will be Tuesday, 6 December 2022 and 
shares will commence trading 'ex-dividend as from the commencement of business 
on Wednesday, 7 December 2022. 
 
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 
Thursday, 15 December 2022. Dividends payable from South Africa will be paid in 
South African currency at the rate of 56.38960 ZAR cents per share (gross 
dividend) in accordance with the exchange rate ruling on Tuesday, 22 November 
2022 (1-pound sterling = ZAR20.50531). 
 
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 45.11168 ZAR 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 on 
 
Tel. +27 11 370 5000 or by email #ZACSJHBDividendTaxQ@Computershare.co.za and 
must be returned to them on or before Tuesday, 6 December 2022. 
 
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, 6 December 2022. 
 
The issued share capital of the Company at the declaration date is 105,517,780 
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, 6 December 2022. 
 
Share certificates may not be dematerialised or rematerialised between 
Wednesday, 7 December2022 and Friday, Friday, 9 December 2022, both days 
inclusive. 
 
By order of the Board 
 
C Singh 
 
Group Company Secretary 
 
Woodmead, Sandton 
 
22 November 2022 
 
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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