AngloGold Ashanti Confirms Dividend Payment in South African Rand

Strategic Insights -

AngloGold Ashanti plc, a prominent gold mining company, has announced the conversion details for its dividend payment in South African Rand. The Board of Directors had previously resolved to distribute a dividend of 12.5 US cents per share for the first quarter of 2025. To convert the dividend to South African Rand, the exchange rate of 17.95310 was used, resulting in a gross dividend of 224.41375 cents and a net dividend of 179.53100 cents per share after a 20% South African dividend tax. This conversion applies to shareholders listed on the South African section of the register as of the record date of 30 May 2025.

Key Takeaways:

  • The dividend payment in South African Rand is based on an exchange rate of 17.95310, resulting in a gross dividend of 224.41375 cents and a net dividend of 179.53100 cents per share.
  • The dividend will be paid from retained earnings and is categorized as a "foreign dividend" under the South African Income Tax Act.
  • Shareholders on the South African register are subject to a 20% South African dividend tax, unless exemptions apply.
  • Transfers between the South African, NYSE, and Ghanaian share registers are not allowed from 23 May 2025, to 30 May 2025, inclusive.
  • Shareholders cannot dematerialize or rematerialize share certificates from 28 May 2025, to 30 May 2025, inclusive.
  • The company will credit dividends for dematerialized shareholdings to shareholders' accounts through the relevant CSDP or broker.
  • AngloGold Ashanti has set the key dates for the dividend payment as follows: the last date to trade ordinary shares cum dividend is 27 May, with shares trading ex-dividend from 28 May.

Statistics:

  • The exchange rate used for converting the dividend to South African Rand was 17.95310.
  • The gross dividend per ordinary share in South African Rand is 224.41375 cents.
  • The net dividend per share after a 20% South African dividend tax is 179.53100 cents.
  • The company had 504,097,915 ordinary shares in issue on the dividend declaration date of 9 May 2025.
  • The record date for the dividend is 30 May 2025.
  • Dividend payment will be made on 13 June 2025.

Sources:

  • AngloGold Ashanti plc's announcement on 23 May 2025.
  • Johannesburg Stock Exchange (JSE).
  • Reuters New York Bid Closing Rate as established on 21 May 2025.