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AFROCENTRIC INVESTMENT CORP LIMITED - Afro Centric declaration of ordinary and preference share dividends

Release Date: 12/10/2012 11:28
Code(s): ACTP     PDF:  
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Afro Centric declaration of ordinary and preference share dividends

AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT, ACTP
ISIN: ZAE 000078416, ZAE 000082269


DECLARATION OF DIVIDEND

The Audited Annual Results for the year ended 30 June 2012 were released on the 
Stock Exchange News Service ("SENS") on 27 September 2012 and published in the 
press on 28 September 2012.

Information on the Dividend Declaration was deferred at the time pending confirmation 
of the extent of Secondary Tax on Companies (STC) credits being available.

The Board of Directors now have pleasure in announcing that a dividend of 10.5 cents 
per ordinary share (gross) and 29.8 cents per preference share (gross) has been 
declared for the year ended 30 June 2012.

Dividends are subject to Dividends Withholding Tax that was introduced with effect from 
1 April 2012. In accordance with the provisions of the JSE Listings Requirements, the 
following additional information is disclosed.

*  the dividends have been declared out of profits available for distribution.
*  the local Dividends Withholding Tax rate is 15 %.
*  the gross dividend amount is 10.5 cents per ordinary share and 29.8 cents per 
preference share.
*  the STC credits available for utilisation is 12.52 cents per ordinary share and 35.53 
cents per preference share.
*  STC credits to be utilised during this current dividend cycle is 10.5 cents per ordinary
 share and 29.8 cents per preference share.
*  the net cash dividend amount is therefore 10.5 cents per ordinary share and 29.8 cents 
per preference share.
*  the company has 268,231,817 ordinary shares in issue at 30 June 2012.
*  the company has 16,638,000 preference shares in issue at 30 June 2012.
*  the company's income tax reference number is 9600/148/71/3.

The salient dates relating to both the ordinary and preference dividends are as follows;

*  Last day to trade cum dividend                    Friday, 7 December 2012
*  Shares commence trading ex dividend               Monday, 10 December 2012
*  Dividend record date                              Friday, 14 December 2012
*  Dividend payment date                             Tuesday, 18 December 2012

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

Johannesburg
12 October 2012

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)



Date: 12/10/2012 11:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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