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ASTRAPAK LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/009169/06)
Share code: APK ISIN: ZAE000096962
Share code: APKP ISIN: ZAE000087201
Income tax number: 9513681719
('Astrapak')
DIVIDEND DECLARATION IN RESPECT OF 194.340 CENTS PER NON-REDEEMABLE,
NON-PARTICIPATING, CUMULATIVE ASTRAPAK PREFERENCE SHARE
Astrapak Preference Shareholders are referred to, inter alia, the
announcement released on SENS on 15 December 2016 and to the circular
to Astrapak Shareholders dated 7 April 2017 (and using the terms
defined therein unless otherwise stated) in which they were informed
of, inter alia, the Offer by RPC to acquire, either itself or through
RPC Nominee, all of the Astrapak Ordinary Shares, excluding the 12
837 424 Treasury Shares and 1 258 594 Astrapak Ordinary Shares held
by the ASOS Trust, being a total of 121 035 232 Astrapak Ordinary
Shares, as well as the voluntary repurchase by Astrapak of all of the
Preference Shares in issue from the holders thereof, both by way of
schemes of arrangement in terms of section 114 of the Companies Act,
proposed by the Astrapak Board to the Astrapak shareholders.
Astrapak Shareholders were further informed that all dividends that
fall due to Preference Shareholders prior to the Preference Share
Scheme Implementation Date will be paid in the ordinary course, in
compliance with their terms.
Accordingly, Astrapak Preference Shareholders are advised that the
salient dates for the twenty-second (and final) dividend declaration
in respect of the Astrapak Preference Shares, prior to the
implementation of the Preference Share Scheme on Monday, 19 June
2017, in the amount of 194.340 cents per Preference Share for the
period between 3 April 2017 and 18 June 2017, will be as follows:
2017
Last day to trade Monday, 12 June
Suspension of listing of Preference
Shares on the JSE expected to take place
from the commencement of trade on Tuesday, 13 June
Record Date Thursday, 15 June
Payment Date Monday, 19 June
Preference Shareholders may not dematerialise or rematerialise their
Preference Share certificates after Monday, 12 June 2017.
The dividend has been declared from income reserves.
A dividend withholding tax of 20% will be applicable to all
Preference Shareholders who are not exempt, or qualify for reduction
in terms of a double taxation agreement. The net dividend thus
amounts to 155.472 cents per Preference Share.
The total number of issued Preference Shares at the declaration date
is 1,500,000 Preference Shares.
In the event that there is a change to the prime rate between the
Preference Share dividend declaration date ('the dividend declaration
date') and the Preference Share dividend payment date ('the dividend
payment date'), the prevailing prime rate at the dividend declaration
date will be applied from the dividend declaration date to the
dividend payment date.
The effect of the aforementioned will be that the Preference Share
dividend will not be adjusted for any changes in the prime rate
between the dividend declaration date and the dividend payment date.
Sandton
29 May 2017
Sponsor
Merchantec Capital
Date: 29/05/2017 05:28:00 Supplied by www.sharenet.co.za
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