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)