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Dividends Declared

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Notice is hereby given that on Tuesday, 12 May 2015, Altron declared a gross ordinary dividend (number 67) of 31,0 cents per A ordinary share (2014: 80 cents) and a gross N ordinary dividend (number 21) of 31,0 cents per N ordinary share (2014: 80 cents) for the period 1 March 2014 to 28 February 2015, payable on Monday, 6 July 2015 to holders of the A ordinary and N ordinary shares recorded in the books of the company at close of business on Friday, 3 July 2015.

The dividends have been declared out of income reserves and will be subject to dividends tax. The local dividends tax rate is 15%. The company has no secondary tax on companies’ credits available.

Accordingly, the net local dividend amount is 26,35 cents per A ordinary and N ordinary shares for shareholders liable to pay dividends tax and 31,00 cents per A ordinary and N ordinary shares for shareholders exempt from paying dividends tax.

In terms of the dividends tax legislation, the dividends tax amount due will be withheld and paid over to the South African Revenue Service (“SARS”) by a nominee company, stockbroker or Participant (previously “CSDP”) (collectively “Regulated Intermediary”) on behalf of shareholders. However, all shareholders should declare their status to their Regulated Intermediary, as they may qualify for a reduced dividends tax rate or they may even be exempt from dividends tax.

Altron’s issued share capital at the declaration date is 105 669 131 A ordinary shares and 262 311 667 N ordinary shares. Altron’s tax reference number is 9725/149/71/1.

In compliance with the requirements of STRATE, the following dates are applicable:

 

Last day of trading to qualify for and participate in the dividend (cum dividend) Friday, 26 June 2015
Trading ex-dividend commences Monday, 29 June 2015
Record date Friday, 3 July 2015
Dividend payment date (electronic and certificated) Monday, 6 July 2015

 

Dividend cheques in payment of these dividends are no longer, as a result of increasing fraud, posted to certificated shareholders, but may instead be collected from the offices of the transfer secretaries on or about Monday, 6 July 2015. Electronic payment to certificated shareholders will be made simultaneously.

Shareholders who have dematerialised their share certificates will have their accounts at their Participant (previously CSDP) or broker credited on Monday, 6 July 2015.

Share certificates may not be dematerialised or re-materialised from Monday, 29 June 2015 to Friday, 3 July 2015, both days inclusive.

In accordance with the company’s memorandum of incorporation, dividends amounting to R30.00 or less due to any one holder of the company’s A ordinary or N ordinary shares, held in certificated form, will not be paid, unless otherwise requested in writing, but will be aggregated with other such amounts and be donated to a charity nominated by the directors.