AFRICAN & OVERSEAS ENTERPRISES LIMITED - Declaration of cash dividend in respect of the 6% cumulative participating preference shares

Release Date: 18/06/2018 16:52
Code(s): AON AOO AOVP
 
Wrap Text
Declaration of cash dividend in respect of the 6% cumulative participating preference shares

AFRICAN AND 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
(“AOE”)


DECLARATION OF CASH DIVIDEND IN RESPECT OF THE 6% CUMULATIVE PARTICIPATING PREFERENCE SHARES


Notice is hereby given that a cash dividend (“preference share dividend”) on the 6% cumulative participating
preference shares (“preference shares”) for the six months ending 30 June 2018 at the rate of 6% per annum (6.00
cents per preference share) has been declared and will be paid on Monday, 9 July 2018 to all holders of preference
shares (“preference shareholders”) recorded in the register of AOE at close of business on Friday, 6 July 2018.

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

Last date to trade cum preference share dividend:                                          Tuesday, 3 July 2018
Preference shares trade ex preference share dividend:                                    Wednesday, 4 July 2018
Record date:                                                                                Friday, 6 July 2018
Payment date:                                                                               Monday, 9 July 2018

Preference share certificates may not be dematerialised or rematerialised between Wednesday, 4 July 2018 and
Friday, 6 July 2018, 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 dividend tax rate is 20%;
3.    the gross local preference share dividend amount is 6.00 cents per preference share for preference
      shareholders;
4.    the net local preference share dividend amount for preference shareholders:
      4.1. exempt from payment of dividends tax is 6.00 cents per preference share; and
      4.2. liable to pay dividends tax is 4.80 cents per preference share;
5.    the issued preference share capital of AOE is 275 000 6% cumulative participating preference shares of
      R2.00 each;
6.    the issued ordinary share capital of AOE is 1 250 000 ordinary shares of no par value and 10 137 441 “N”
      ordinary shares of no par value; and
7.    AOE’s tax reference number is 9010/017/03/7.

18 June 2018


Sponsor
Java Capital

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