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.
173
Notice is
hereby given that on Tuesday, 19 November
2024, 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, 13 December 2024. The
dividend is payable on Friday, 13 December
2024 to holders of preference shares recorded in the
register of the Company at the close of business on the record date
for receipt of the cash dividend, being, Friday, 6 December 2024.
The last
day to trade `cum' dividend will be Tuesday, 3 December 2024 and shares will commence trading
`ex-dividend' as from the commencement of business on Wednesday,
4 December 2024.
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, 13 December 2024. Dividends payable from
South Africa will be paid in South
African currency at the rate of 62.57650
ZAR cents per share (gross dividend) in accordance with the
exchange rate ruling on Tuesday, 19 November
2024 (1-pound sterling =
ZAR
22.75509).
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 50.06120 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, 3 December 2024.
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, 3
December 2024.
The issued
share capital of the Company at the declaration date is 105,517,780
listed ordinary shares and 3 000
000 listed cumulative preference shares. The dividend has been
declared from the income reserves of the Company (and has therefore
not been declared as a reduction in the Company's contributed tax
capital).
Any change
of address or dividend instruction must be received on or before
Tuesday, 3 December 2024.
Share
certificates may not be dematerialised or rematerialised between
Wednesday, 4 December 2024 and
Friday, 6 December 2024, both days
inclusive.
By order
of the Board
C
Singh
Group
Company Secretary
Woodmead,
Sandton
19 November 2024
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
sponsor
Rand Merchant Bank (a division of FirstRand Bank
Limited)
Debt
sponsor
Questco
Proprietary Limited