AFRICAN AND OVERSEAS ENTERPRISES LD - Results of annual general meeting and salient dates of dividend declaration

Results of annual general meeting and salient dates of dividend declaration

AFRICAN & OVERSEAS ENTERPRISES LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1947/027461/06
Share code: AOO          ISIN:   ZAE000000485
Share code: AON          ISIN:   ZAE000009718
Share code: AOVP         ISIN:   ZAE000000493
“AOE” or “the company”


RESULTS OF ANNUAL GENERAL MEETING AND SALIENT DATES OF DIVIDEND DECLARATION



1. Results of annual general meeting

    Shareholders are advised that at the annual general meeting of AOE shareholders held in Cape Town on 14
    November 2012 (“the AGM”):

    1.1.        all of the ordinary resolutions as contained in the notice of the AGM dated 18 September 2012 were
                passed by the requisite majority; and


    1.2.        none of the special resolutions as contained in the notice of the AGM dated 18 September 2012 were
                passed by the requisite majority, and accordingly all of the special resolutions proposed, failed.


2. Approval of dividends declared


    At the AGM, shareholders approved dividend number 60 of 35 cents per ordinary share and dividend number 18
    of 35 cents per ‘N’ ordinary share for the year ended 30 June 2012.


    In terms of the Listings Requirements of the JSE Limited regarding the new Dividends Tax, effective 1 April 2012,
    the following additional information is disclosed:


    1       the dividend has been declared out of income reserves;
    2       the local dividend tax rate is 15%;
    3       secondary tax on companies credits utilised is 35.00 cents per share in respect of the ordinary and ‘N’
            ordinary shares;
    4       the gross local dividend amount is 35.00 cents per share for ordinary and ‘N’ ordinary shareholders;
    5       as a result of the utilisation of secondary tax on companies credits, the net local dividend amount is 35.00
            cents per share for ordinary and ‘N’ ordinary shareholders, whether liable to pay, or exempt from, the new
            Dividends Tax;
    6       the issued preference share capital of African & Overseas is 275 000 6% cumulative participating
            preference shares of R2.00 each;
    7       the issued ordinary share capital of African & Overseas is 1 250 000 ordinary shares of 50 cents each and
            10 137 441 `N` ordinary shares of 0.25 cents each; and
    8       African & Overseas` tax reference number is 9010/017/03/7.
The salient dates of the above dividends are as follows:


    Last day to trade:          Friday 7 December 2012
    Shares trade ex-dividend:   Monday 10 December 2012
    Record date:                Friday 14 December 2012
    Payment date:               Tuesday 18 December 2012


    Share certificates may not be dematerialised or rematerialised between Monday, 10 December 2012 and Friday
    14 December 2012, both days inclusive.


    Cape Town
    16 November 2012


    Sponsor
    Java Capital

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