AECI shareholders are referred to the declaration of a special dividend of 375 cents per ordinary share (“Special Dividend”) published on SENS on Tuesday, 24 February 2015. In that declaration, shareholders were advised that the Special Dividend was subject to approval by the Financial Surveillance Department of the South African Reserve Bank.
Such approval has been received and, accordingly, the salient dates for the Special Dividend are confirmed as follows:
|Last day of trade to receive Special Dividend||Friday, 22 May|
|Shares commence trading ex Special Dividend||Monday, 25 May|
|Record date||Friday, 29 May|
|Payment date||Monday, 1 June|
Share certificates may not be dematerialised or rematerialised from Monday, 25 May 2015 to Friday, 29 May 2015, both days inclusive.
Any change of address or dividend instruction must be received on or before Thursday, 21 May 2015.
The Special Dividend is a dividend as defined in the Income Tax Act, 1962 and in terms of this Act a dividend withholding tax rate of 15% is applicable to shareholders who are not exempt from dividend withholding tax, resulting in a net dividend amount of 318,75000 cents per share. The dividend has been declared from the income reserves of the Company. No Secondary Tax on Companies’ credits are available to be used.
The Directors have satisfied the solvency and liquidity test as required in terms of section 4(1) of the Companies Act, Act No. 71 of 2008. The issued share capital is 128 241 140 listed ordinary shares and 10 117 951 unlisted redeemable convertible B ordinary shares.
By order of the Board
Group Company Secretary
15 May 2015
Computershare Investor Services (Pty) Ltd
70 Marshall Street
Computershare Investor Services Plc
PO Box 82
Bristol BS 99 7NH
Rand Merchant Bank (A DIVISION OF FIRSTRAND BANK LTD)