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JOHANNESBURG - AECI Limited (JSE:AFE) announced on Tuesday that its board of directors has declared a gross cash dividend for its cumulative preference shareholders at a rate of 5.5% per annum, equivalent to 2.75 pence sterling.
The dividend covers the six-month period ending December 12, 2025, and will be paid on December 15, 2025, to preference shareholders recorded in the company’s register at the close of business on December 12, 2025.
According to the company’s statement, the last day to trade with dividend rights will be December 9, 2025, with shares commencing "ex-dividend" trading on December 10, 2025.
For shareholders receiving payment in South Africa, the dividend will be paid in South African currency at a rate of 62.37399 ZAR cents per share, based on the exchange rate of 1 pound sterling equaling ZAR 22.68145 as of November 25, 2025.
South African shareholders not exempt from dividend withholding tax will receive a net dividend of 49.89919 ZAR cents per share after the application of the 20% withholding tax.
AECI noted that dividends payable from its United Kingdom office will be subject to tax deductions as prescribed by UK legislation, unless shareholders provide exemption certificates before December 9, 2025.
The company’s issued share capital at the declaration date consists of 105,517,780 listed ordinary shares and 3,000,000 listed cumulative preference shares. The dividend has been declared from the company’s income reserves.
This information is based on a press release statement issued by AECI Limited.
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