PAN AFRICAN RESOURCES PLC
Pan African Resources PLC
(Incorporated and registered in England and Wales under Companies Act 1985 with
registered number 3937466 on 25 February 2000)
AIM Code: PAF
JSE Code: PAN
ISIN: GB0004300496
("Pan African" or the "Company" or the "Group")
SALIENT DIVIDEND DATES
Shareholders are referred to the Group's results that were released on 21
September 2016, wherein an exchange rate of South African Rand ("ZAR") to the
British Pound ("GBP"), ZAR/GBP: 18.7500 was used for illustrative purposes to
convert the proposed ZAR dividend of ZAR0.15438 per share into GBP.
Shareholders are advised that, should the proposed dividend be approved at the
Annual General Meeting of the Company scheduled for Friday, 25 November 2016,
the exchange rate for conversion of the ZAR dividend into GBP will be a fixed
exchange rate of ZAR/GBP: 17.5787.
Assuming the final dividend is approved by shareholders, the following salient
dates would apply:
2016
Currency conversion date 11 October, Wednesday
Last date to trade on the exchanges 06 December, Tuesday
Ex-Dividend date on the JSE 07 December, Wednesday
Ex-Dividend date on the LSE 08 December, Thursday
Record date 09 December, Friday
Payment date 22 December, Thursday
1. No transfers between the Johannesburg and London registers between the
commencement of trading on Monday, 5 December 2016 and close of business on
Friday, 9 December 2016 will be permitted.
2. No shares may be dematerialised or rematerialised between Wednesday, 7
December 2016 and Friday, 9 December 2016, both days inclusive.
The proposed final dividend was calculated on 1,943,206,554 shares in issue and
an exchange rate of ZAR/GBP: 17.5787, which translates to a final dividend of
0.87822 pence per share, which is a 6.7% increment on the illustrative dividend
per share of 0.82338 pence per share referred to in the Group's results
announcement.
The South African dividends tax rate is fifteen percent per ordinary share and
therefore shareholders who are liable to pay the dividends tax will receive a
net dividend of ZAR0.13122 cents per share (0.74649 pence per share). Foreign
investors may qualify for a lower dividend tax rate, subject to completing a
dividend tax declaration and submitting it to Computershare Limited or Capita
Plc who manage the SA and UK register, respectively. The Company's South
African income tax reference number is 9154588173.
Johannesburg
13 October 2016
CONTACT INFORMATION
Corporate Office
The Firs Office Building
1st Floor, Office 101
Cnr. Cradock and Biermann Avenues
Rosebank, Johannesburg
South Africa
Office: + 27 (0) 11 243 2900
Facsimile: + 27 (0) 11 880 1240
Registered Office
Suite 31
Second Floor
107 Cheapside
London
EC2V 6DN
United Kingdom
Office: + 44 (0) 207 796 8644
Facsimile: + 44 (0) 207 796 8645
Cobus Loots Deon Louw
Pan African Resources PLC Pan African Resources PLC
Chief Executive Officer Financial Director
Office: + 27 (0) 11 243 2900 Office: + 27 (0) 11 243 2900
Phil Dexter John Prior / Paul Gillam
St James's Corporate Services Limited Numis Securities Limited
Company Secretary Nominated Adviser and Joint Broker
Office: + 44 (0) 207 796 8644 Office: +44 (0) 20 7260 1000
Sholto Simpson Matthew Armitt / Ross Allister
One Capital Peel Hunt LLP
JSE Sponsor Joint Broker
Office: + 27 (0) 11 550 5009 Office: +44 (0) 207 418 8900
Julian Gwillim Daniel Thöle
Aprio Strategic Communications Bell Pottinger PR
Public & Investor Relations SA Public & Investor Relations UK
Office: +27 (0)11 880 0037 Office: + 44 (0) 203 772 2500
Jeffrey Couch/Neil Haycock/Thomas Rider
BMO Capital Markets Limited
Joint Broker
Office: +44 (0) 207 236 1010
http://www.panafricanresources.com/PAN AFRICAN RESOURCES : Salient Dividend Dates
October 13, 2016 at 05:01 am EDT
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© PRNewswire - 2016
