The Board is pleased to advise that at its meeting held on 22 July 2021, the directors approved the declaration of an interim dividend of R175 per share on the ordinary shares from profits accrued during the six-month period ended 30 June 2021. The gross dividend is made up as follows:
- R70 per share representing a base dividend equal to 40% of the headline earnings in line with the Company’s dividend policy. Dividend tax of R14 per share will be deducted; and
- R105 per share representing a special cash dividend equal to 60% of headline earnings as an additional dividend. Dividend tax of R21 per share will be deducted.
The dividend has been declared from current headline earnings.
The dividend will be subject to a dividend withholding tax of 20% for all shareholders who are not exempt from, or do not qualify for a reduced rate of withholding tax. The net dividend payable to shareholders, subject to withholding tax at a rate of 20%, amounts to R35 per share split up as follows:
- R14 per share attributable to the ordinary dividend (being a net dividend of R56)
- R21 per share attributable to the special dividend (being a net dividend of R84)
The issued share capital at the declaration date is 265,292,206 ordinary shares and the Company’s tax number is 9575104717. The salient dates are as follows:
Event Date
Publication of declaration data Monday 26 July 2021
Last day for trading to qualify and participate in the dividend Tuesday 10 August 2021
Trading ex-dividend commences Wednesday 11 August 2021
Record date Friday 13 August 2021
Dividend payment date Monday 16 August 2021
Share certificates may not be dematerialised or rematerialised between Wednesday 11 August 2021 and Friday 13 August 2021, both days inclusive. Any changes to the dividend instructions and timetable will be announced on the Johannesburg Stock Exchange News Service.
By order of the Board.
E Viljoen
Company secretary
Johannesburg
26 July 2021
Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities.