Exxaro report selector 2019

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Exxaro Resources Limited
Group and company annual financial statements for the year ended 31 December 2019

Currently viewing: CHAPTER 5 / 5.5 Dividend distributions

5.5 Dividend distributions



For the year ended 31 December 2019
Dividends declared        
Dividend per share in respect of the interim period 864   530  
Dividend per share in respect of the special dividend 897   1 255  
Final dividend per share in respect of the financial year 566   555  
Total dividends declared for the financial year 2 327   2 340  

Total dividends paid in 2019 amounted to R5 812 million. This amount was made up of:

  • A final dividend relating to the 2018 financial year of 555 cents per share (amounting to R1 393 million to external shareholders) paid in May 2019
  • A special dividend of 897 cents per share (amounting to R2 251 million to external shareholders) paid in October 2019, following the partial disposal of Exxaro’s shareholding in Tronox Holdings plc and the redemption of the membership interest in Tronox UK
  • An interim dividend of 864 cents per share (amounting to R2 168 million to external shareholders) paid in October 2019.

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:

Last day to trade cum dividend on the JSE Tuesday, 21 April 2020
First trading day ex dividend on the JSE Wednesday, 22 April 2020
Record date Friday, 24 April 2020
Payment date Tuesday, 28 April 2020

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.