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, 10 117
951 unlisted redeemable convertible B ordinary shares and
3 000
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)