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Nampak Limited Declares Cumulative Preference Share Dividends

Strategic Insights

— 2 min read

Nampak Limited has announced the declaration of cumulative preference share dividends for its 6.5% and 6% preference shares, effective for the six-month period ending July 31, 2025. The declared dividends are scheduled for payment on August 4, 2025, to shareholders recorded in the company's register by the close of business on August 1, 2025. The dividends reflect the company's commitment to consistency and transparency, with previous year's dividend rates maintained for shareholders.

Key Takeaways:

  • The company declared cumulative preference share dividends for its 6.5% and 6% preference shares, effective for the six-month period ending July 31, 2025.
  • The 6.5% cumulative preference shares will provide a dividend rate equivalent to 6.5 cents per share annually, while the 6% cumulative preference shares will offer a dividend rate of 6.0 cents per share annually.
  • The declared dividends are scheduled for payment on August 4, 2025, to shareholders recorded in the company's register by the close of business on August 1, 2025.
  • Trading of preference shares "cum" dividend will cease on July 29, 2025, with shares trading "ex" dividend starting July 30, 2025.
  • Preference share certificates cannot be dematerialised or rematerialised between July 30 and August 1, 2025.
  • The dividend withholding tax rate stands at 20%, applicable unless a shareholder is exempt or eligible for a reduced rate under a double tax agreement.
  • The net local dividend for the 6.5% shares is 5.2 cents per share for taxable shareholders and 6.5 cents per share for exempt shareholders.
  • The net local dividend for the 6% shares is 4.8 cents per share for taxable shareholders and 6.0 cents for exempt shareholders.
  • The issued number of 6.5% cumulative preference shares as of the declaration date is 100,000, while the issued number of 6% cumulative preference shares stands at 400,000.
  • Nampak Limited also disclosed its tax number as 9875081714.

Statistics:

  • Dividend rate for 6.5% cumulative preference shares: 6.5 cents per share annually
  • Dividend rate for 6% cumulative preference shares: 6.0 cents per share annually
  • Total issued 6.5% cumulative preference shares: 100,000
  • Total issued 6% cumulative preference shares: 400,000
  • Dividend withholding tax rate: 20%
  • Net local dividend for 6.5% shares (taxable shareholders): 5.2 cents per share
  • Net local dividend for 6.5% shares (exempt shareholders): 6.5 cents per share
  • Net local dividend for 6% shares (taxable shareholders): 4.8 cents per share
  • Net local dividend for 6% shares (exempt shareholders): 6.0 cents per share

Sources:

  • Johannesburg Stock Exchange
  • Nampak Limited press release (no date provided in the original text)

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