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ALPHAMIN RESOURCES CORPORATION - Declaration of Dividend for the six months ended 30 June 2024

Release Date: 03/10/2024 13:45
Code(s): APH     PDF:  
Wrap Text
Declaration of Dividend for the six months ended 30 June 2024

Alphamin Resources Corp.
Continued in the Republic of Mauritius
Date of incorporation: 12 August 1981
Corporation number: C125884 C1/GBL
TSX-V share code: AFM
JSE share code: APH
ISIN: MU0456S00006
("Alphamin" or the "Company")


DECLARATION OF DIVIDEND FOR THE SIX MONTHS ENDED 30 JUNE 2024


The board of directors of Alphamin is pleased to announce the declaration of a cash dividend number 6 in
the gross amount of CAD$0.06 per Alphamin share, being the equivalent of ZAc77.16360 cents per
Alphamin share (based on an exchange rate of CAD$1.00 = ZAR12.8606 as at Wednesday, 2 October
2024).

The salient dates of the cash dividend on the JSE Limited ("JSE") are as follows:

                                                                                                 2024
 Declaration date                                                                 Thursday, 3 October
 Last day to trade cum cash dividend                                              Tuesday, 22 October
 Alphamin shares commence trading ex-dividend                                   Wednesday, 23 October
 Record date to receive the cash dividend                                          Friday, 25 October
 Payment date                                                                      Monday, 4 November

Shares certificates on the South African branch register may not be rematerialised or dematerialised
between Wednesday, 23 October 2024 and Friday, 25 October 2024, both days inclusive, nor may transfer
between the Canadian share register and the South African share register take place between Wednesday,
23 October 2024 and Friday, 25 October 2024, both days inclusive.

In accordance with the JSE Listings Requirements, the following additional information is disclosed for
South African resident shareholders:

1.    the cash dividend has been declared out of income reserves and is being sourced from the Republic
      of Mauritius;
2.    The cash dividend is regarded as a "foreign dividend" (as defined in the South African Income Tax
      Act No. 58 of 1962) for South African resident shareholders holding shares on the South African
      register.
3.    Alphamin has no tax registration in South Africa;
4.    the local dividend tax ("Dividend Tax") rate is 20%, resulting in a gross cash dividend of CAD$0.06
      (ZAc77.16360) and a net cash dividend amount of CAD$0.048 (ZAc61.73088) for South African
      shareholders who are not exempt from paying Dividend Tax;
5.    Alphamin has 1 276 210 479 shares in issue; and
6.    Alphamin shareholders who are in doubt as to their tax status or position, including any exchange
      control requirements, should consult an appropriate independent professional advisor in their
      relevant jurisdiction without delay.

This announcement is applicable to holders of Alphamin shares on the JSE.


3 October 2024

JSE Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 03-10-2024 01:45:00
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