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 PREFERENCE SHARE DIVIDEND NO. 163 
 
NOTICE IS HEREBY GIVEN that on Tuesday, 19 November 2019, 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 2019.  The dividend is payable on Friday, 13 December 2019 to holders 
of preference shares recorded in the register of the Company at the close of 
business on the record date, being Friday, 6 December 2019. 
 
The last day to trade "cum" dividend will be Tuesday, 3 December 2019 and 
shares will commence trading "ex" dividend as from the commencement of business 
on Wednesday, 4 December 2019. 
 
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 2019.  Dividends payable from South Africa will be paid in 
South African currency at the rate of 52,35579 ZAR cents per share (gross 
dividend) in accordance with the exchange rate ruling on Monday, 11 November 
2019 (1 pound sterling = ZAR19,03847). 
 
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 41,88463 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, 3 December 2019. 
 
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 2019. 
 
The issued share capital of the Company at the declaration date is 121 829 083 
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, 3 December 2019. 
 
Share certificates may not be dematerialised or rematerialised between 
Wednesday, 4 December 2019 and Friday, 6 December 2019, both days inclusive. 
 
By order of the Board 
 
EN Rapoo 
 
Group Company Secretary 
 
Woodmead, Sandton 
 
19 November 2019 
 
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 
 
Sponsor 
 
Rand Merchant Bank (A division of FirstRand Bank Limited) 
 
 
 
END 
 

(END) Dow Jones Newswires

November 19, 2019 04:00 ET (09:00 GMT)

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