The Board is pleased to advise that at its meeting held on 18 July 2024, the directors approved the declaration of a gross final dividend of R2.6 billion (R9,75 per share (975 cents per share)) on the ordinary shares from profits accrued during the six-month period ended 30 June 2024. The dividend pay-out is equal to 40% of headline earnings in line with the Company’s dividend policy.
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 R7,80 per share (780 cents per share) (R9,75 (975 cents) gross dividend per share less R1,95 (195 cents) withholding tax per share).
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 22 July 2024
Last day for trading to qualify and participate in the dividend Tuesday 20 August 2024
Trading ex-dividend commences Wednesday 21 August 2024
Record date Friday 23 August 2024
Dividend payment date Monday 26 August 2024
Share certificates may not be dematerialized or rematerialized between Wednesday 21 August 2024 and Friday 23 August 2024, both days inclusive. Any changes to the dividend instructions and timetable will be announced on the Johannesburg Stock Exchange News Service.
E Viljoen
Company Secretary
Johannesburg
22 July 2023
Sponsor:
Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities