|
For the year ended 31 December |
2023 cents |
2022 cents |
| Dividends paid per share | |
|
|---|---|---|
| Final dividend | 1 136 | 1 175 |
| Interim dividend | 1 143 | 1 593 |
| Total dividends paid per share | 2 279 | 2 768 |
Total dividends paid in 2023 amounted to R5 505 million. This amount was made up of:
A final cash dividend, number 42, for 2023 of 1 010 cps, was approved by the board of directors on 12 March 2024. The dividend is payable on 13 May 2024 to shareholders who will be on the register on 10 May 2024. This final dividend, amounting to approximately R2 439 million (to external shareholders), has not been recognised as a liability in 2023. It will be recognised in shareholders' equity in the first half of the year ending 31 December 2024.
The final dividend declared from income reserves 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 808.00000 cps. The number of ordinary shares in issue at the date of this declaration is 349 305 092 (including treasury shares of 107 770 244).
Given the net cash position at 31 December 2023 of R14 834 million (excluding energy's net debt), the board of directors has resolved to pay a special dividend of 572 cps. The special dividend was subject to SARB approval, which was obtained on 3 April 2024. The special dividend, amounting to approximately R1 382 million (to external shareholders), has not been recognised as a liability in 2023. It will be recognised in shareholder's equity in the first half of the year ending 31 December 2024.
The special dividend, declared from income reserves, 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 457.60000 cps. The number of ordinary shares in issue at the date of this declaration is 349 305 092 (including treasury shares of 107 770 244).
Exxaro company's tax reference number is 9218/098/14/4.
Salient dates relating to payment of the final and special dividends
| Finalisation date for special dividend | Thursday, 4 April 2024 |
| Last day to trade cum dividend on the JSE | Tuesday, 7 May 2024 |
| First trading day ex dividend on the JSE | Wednesday, 8 May 2024 |
| Record date | Friday, 10 May 2024 |
| Payment date | Monday, 13 May 2024 |
No share certificate may be dematerialised or re-materialised between Wednesday, 8 May 2024 and Friday, 10 May 2024, 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 Monday, 13 May 2024.
IR