Afrimat Limited announced that notice is hereby given that a final gross dividend, No. 34 of 154.0 cents per share, in respect of the year ended 29 February 2024, was declared on 15 May 2024. The total dividend payable is ZAR 245.9 million (2023: ZAR 175.7 million).

The Board has confirmed by resolution that the solvency and liquidity test as contemplated by the Companies Act, No. 71 of 2008, has been duly considered, applied and satisfied. This is a dividend as defined in the Income Tax Act, 1962, and is payable from income reserves.

The South African dividend tax rate is 20,0%. The net dividend payable to shareholders who are subject to dividend tax and shareholders who are exempt from dividend tax is 123.2 cents and 154.0 cents per share, respectively. Last day to trade cum dividend is 4 June 2024.

Commence trading ex-dividend is 5 June 2024. Record date is 7 June 2024. Dividend payable on 10 June 2024.

Share certificates may not be dematerialised or rematerialised between 5 June 2024 and 7 June 2024, both dates inclusive.