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JOHANNESBURG - AECI Limited, a South African company, has declared a gross cash dividend for its preference shareholders. The dividend, at a rate of 5.5 percent per annum, which translates to 2.75 pence sterling per share, is for the six-month period ending June 13, 2025.
The dividend is payable on June 13, 2025, to shareholders on record as of the close of business on June 6, 2025. According to the company’s announcement made today, the last day for trading shares with entitlement to the dividend will be June 3, 2025, with shares trading ex-dividend from June 4, 2025.
Payments will be made from AECI’s offices in South Africa and the United Kingdom (TADAWUL:4280). In South Africa, the dividend will be paid in local currency at a rate of 66.55646 ZAR cents per preference share, based on the exchange rate on May 20, 2025, where 1 pound sterling equals 24.20235 ZAR.
Preference shareholders who are not exempt from the South African dividend withholding tax of 20% will receive a net dividend of 53.24517 ZAR cents per share. Those eligible for exemption or a reduced rate due to a Double Taxation Agreement must submit the necessary forms by June 3, 2025.
In the United Kingdom, dividends will be subject to applicable tax deductions unless exemption certificates are provided by the same date.
The dividend has been declared from AECI’s income reserves and is not a reduction of the company’s contributed tax capital. The company’s issued share capital at the time of declaration consists of 105,517,780 ordinary shares and 3,000,000 cumulative preference shares.
Shareholders are advised to update their address or dividend instructions by June 3, 2025. The preference shares will not be eligible for dematerialization or rematerialization from June 4 to June 6, 2025.
This dividend announcement is based on a press release statement by AECI.
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