Afrimat Limited declared a final gross dividend, No. 32 of 110.0 cents per share, in respect of the year ended 28 February 2023, was on 17 May 2023. The total dividend payable is ZAR 175.7 million (2022: ZAR 213.7 million).

The Board has confirmed 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 88.0 cents and 110.0 cents per share, respectively. Last day to trade cum dividend is 6 June 2023.

Commence trading ex-dividend is 7 June 2023. Record date is 9 June 2023. Dividend payable date is 12 June 2023.