Notice is hereby given that a cash dividend (“preference share dividend”) on the 6% cumulative preference shares (“preference shares”) for the six months ending 31 December 2024 at the rate of 6% per annum (6.00 cents per preference share) has been declared and will be paid on Monday, 17 February 2025 to all holders of preference shares (“preference shareholders”) recorded in the register of AOEat close of business on Friday, 14 February 2025.
The salient dates for the payment of the preference share dividend are as follows:
Preference share certificates may not be dematerialised or rematerialised between Wednesday,12 February 2025 and Friday, 14 February 2025, 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 comprises 275 000 6% cumulative preference shares of R2.00 each;
6. the issued ordinary share capital of AOE comprises 1 618 750 ordinary shares of no par value and 10 221 921 “N” ordinary shares of no par value; and