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AFRICAN AND OVERSEAS ENTERPRISES LD - Declaration of dividend number 160 on the 6% cumulative participating preference shares

Release Date: 12/06/2014 15:44
Code(s): AON AOO AOVP     PDF:  
Wrap Text
Declaration of dividend number 160 on the 6% cumulative participating preference shares

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


DECLARATION OF DIVIDEND NUMBER 160 ON THE 6% CUMULATIVE PARTICIPATING PREFERENCE SHARES


Notice is hereby given that cash dividend no. 160 (“preference share dividend”) on the 6% cumulative
participating preference shares (“preference shares”) for the six months ending 30 June 2014 at the rate of 6% per
annum (6.00 cents per preference share), will be paid on Monday, 7 July 2014 to all holders of preference shares
(“preference shareholders”) recorded in the register of the company at close of business on Friday, 4 July 2014.

The salient dates of the preference share dividend are as follows:

                                                                                                          2014
Last date to trade cum dividend:                                                                Friday, 27 June
Shares trade ex dividend:                                                                       Monday, 30 June
Record date:                                                                                     Friday, 4 July
Payment date:                                                                                    Monday, 7 July

Share certificates may not be dematerialised or rematerialised between Monday, 30 June 2014 and Friday,
4 July 2014, both dates inclusive.

Preference shareholders are advised of the following additional information:
1.      the preference share dividend has been declared out of income reserves;
2.      the local dividends tax rate is 15%;
3.      there are no secondary tax on companies credits utilised against the preference share dividend;
4.      the gross local dividend amount is 6.00 cents per preference share for preference shareholders;
5.     the net local dividend amount for preference shareholders:
        5.1.      exempt from dividends tax is 6.00 cents per preference share; and
        5.2.      liable to pay dividends tax is 5.10 cents per preference share;
6.      the issued preference share capital of the company is 275 000 6% cumulative participating preference
        shares of R2.00 each;
7.      the issued ordinary share capital of the company is 1 250 000 ordinary shares of 50.00 cents each and
        10 137 441 `N` ordinary shares of 0.25 cents each; and
8.      the company’s tax reference number is 9010/017/03/7.

12 June 2014


Sponsor

Java Capital

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