87FZ Aeci 5 1/2% Prf

 
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. 170 
 
Notice is hereby given that on Tuesday, 23 May 2023, 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 June 
2023. The dividend is payable on Thursday, 15 June 2023 to holders of preference 
shares recorded in the register of the Company at the close of business on the 
record date, being, Friday, 9 June 2023. 
 
The last day to trade `cum' dividend will be Tuesday, 6 June 2023 and shares 
will commence trading `ex-dividend as from the commencement of business on 
Wednesday, 7 June 2023. 
 
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 June 2023. Dividends payable from South Africa will be paid in 
South African currency at the rate of 65.83428 ZAR cents per share (gross 
dividend) in accordance with the exchange rate ruling on Tuesday, 23 May 2023 (1 
-pound sterling = ZAR23.93974). 
 
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 52.66743 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 June 2023. 
 
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 June 2023. 
 
The issued share capital of the Company at the declaration date is 105 517 780 
listed ordinary shares, 10117 951 unlisted redeemable convertible B ordinary 
shares and 3000 000 listed 5.5% 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 June 2023. 
 
Share certificates may not be dematerialised or rematerialised between 
Wednesday, 7 June 2023 and Friday, 9 June 2023, both days inclusive. 
 
By order of the Board 
 
C Singh 
 
Group Company Secretary 
 
Woodmead, Sandton 
 
23 May 2023 
 
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) 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

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