Integrated report 2019
Exxaro Resources Limited
Group and company annual financial statements
for the year ended 31 December 2019
5.5 |
DIVIDEND DISTRIBUTIONS
Total dividends paid in 2019 amounted to R5 812 million. This amount was made up of:
A final cash dividend, number 34, for 2019 of 566 cents per share, was approved by the board of directors on 10 March 2020. The dividend is payable on 28 April 2020 to shareholders who will be on the register on 24 April 2020. This final dividend, amounting to approximately R1 420 million (to external shareholders), has not been recognised as a liability in 2019. It will be recognised in shareholders’ equity in the year ending 31 December 2020. The final dividend declared 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 dividend withholding tax. The net local dividend payable to shareholders, subject to dividend withholding tax at a rate of 20% amounts to 452.80000 cents per share. The number of ordinary shares in issue at the date of this declaration is 358 706 754 (including treasury shares of 107 770 244). Exxaro company’s tax reference number is 9218/098/14/4. The salient dates relating to the payment of the dividend:
No share certificate may be dematerialised or re-materialised between Wednesday, 22 April 2020 and Friday, 24 April 2020, both days inclusive. Dividends for certificated shareholders will be transferred electronically to their bank accounts on payment date. Shareholders who hold dematerialised shares will have their accounts at their central securities depository participant or broker credited on Tuesday, 28 April 2020. |
