| Tue 7 Aug 2012, 17:30 | | FIRSTRAND LIMITED - DIVIDEND DECLARATION OF 333 08504 CENTS PER VARIABLE RATE NON-CUMULATIVE NON-REDEEMABLE FIRSTRAND B PREFERENCE SHAR |
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FSR FSRP 201208070041A
DIVIDEND DECLARATION OF 333,08504 CENTS PER VARIABLE RATE NON-CUMULATIVE, NON-REDEEMABLE FIRSTRAND B PREFERENCE SHAR
FirstRand Limited
(Incorporated in the Republic of South Africa)
Registration number: 1966/010753/06
B Preference share code: FSRP ISIN: ZAE000060141
Income tax number: 9150201714
(“FirstRand” or “the Company”)
DIVIDEND DECLARATION OF 333,08504 CENTS PER VARIABLE RATE NON-
CUMULATIVE, NON-REDEEMABLE FIRSTRAND B PREFERENCE SHARE
Shareholders are advised that the salient dates for the sixteenth
dividend declaration on the variable rate non-cumulative, non-
redeemable B preference shares in FirstRand (“B preference shares”)
for the period from 28 February 2012 to 27 August 2012 both days
inclusive, in the amount of 333,08504 cents per B preference share,
will be as follows:
Last day to trade Friday, 17 August 2012
Shares commence trading “ex” the B
preference share dividend from the
commencement of business on Monday, 20 August 2012
Record date Friday, 24 August 2012
Payment date of the B preference share
dividend Monday, 27 August 2012
B preference share certificates may not be dematerialised or
rematerialised between Monday, 20 August 2012 and Friday,
24 August 2012, both days inclusive.
The board of FirstRand proposed to shareholders that the “B”
preference dividend for each of the “B” preference shares would be
calculated in arrears with effect from the last Monday in August 2012
at a rate of 75.56% (previously 68%) of FirstRand Bank Limited’s
minimum overdraft rate. The proposal was approved by shareholders on
23 May 2012.
In the event that there is a change to the prime rate between the B
preference share dividend declaration date (“the dividend declaration
date”) and the B preference share dividend payment date (“the
dividend payment date”), the prevailing prime rate at the dividend
declaration date will be applied from the dividend declaration date
to the dividend payment date.
The effect of the aforementioned will be that the B preference share
dividend will not be adjusted for any changes in the prime rate
between the dividend declaration date and the dividend payment date.
The Company has utilized secondary tax on companies’ credits
amounting to 333,08504 cents per share. As a consequence, no
dividends tax will be deducted from this preference dividend.
The issued share capital at the declaration date is 5 637 941 689
ordinary shares of one cent each and 45 000 000 B preference shares
of one cent each.
Sandton
7 August 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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