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

Release Date: 14/12/2018 17:00
Code(s): AON AOO AOVP     PDF:  
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 on the 6% cumulative participating preference shares ("preference
shares") for the six months ending 31 December 2018 at the rate of 6% per annum (6.00 cents per preference
share) has been declared and will be paid on Monday, 14 January 2019 to all holders of preference shares
("preference shareholders") recorded in the register of AOE at close of business on Friday, 11 January 2019. 
No participation dividend will be paid in respect of the preference shares.

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

Last date to trade cum dividend:                                                      Tuesday, 8 January 2019
Preference shares trade ex dividend:                                                Wednesday, 9 January 2019
Record date:                                                                          Friday, 11 January 2019
Payment date:                                                                         Monday, 14 January 2019

Preference share certificates may not be dematerialised or rematerialised between Wednesday, 9 January 2019 and
Friday, 11 January 2019, both dates inclusive.

Preference shareholders are advised of the following additional information:
1.      the dividend has been declared out of income reserves;
2.      the local dividend tax rate is 20%;
3.      the gross local dividend amount is 6.00 cents per preference share for preference shareholders;
4.      the net local 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.

14 December 2018


Sponsor
Java Capital

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