Seed Co International shareholders on the Botswana Share Register to be paid their dividend in USD

By Published On: August 19th, 2021Categories: Corporate announcement

Further to the 1st Notice issued on 30 June and the 2nd notice in the form of a Circular issued on 22 July 2021, regarding the dividend with a scrip and cash option with a Dividend Record Date of 17 August 2021 and Settlement Date of 26 August 2021, the Company wishes to advise as follows:

  1. Shareholders on the Botswana Share Register will be paid in USD if they have provided their USD bank account details to the Company, care of the Botswana Transfer Secretaries, the Central Securities Depository Botswana (“CSDB”), by the Record Date.
  2. Shareholders on the Botswana Share Register who do not have USD bank accounts or who have not provided their USD bank account details to the Company by the Record Date will be paid the cash dividend in Botswana Pula based on the prevailing mid exchange rate on the Record Date, as determined by reference to Seed Co International Limited’s bank, Stanbic Bank of Botswana Limited, being BWP10.80 to USD1.00. Accordingly, the gross dividend will be 10.48 thebe per share. A net cash dividend payment will be made after the deduction of applicable withholding taxes imposed in accordance with Botswana taxation laws.

NB: Shareholders are advised that everything else pertaining to the scrip or cash dividend remains as announced in the Circular that was issued by the Company on 22 July 2021.

By Order of the Board
19 August 2021

Eric M. Kalaote
Company Secretary


Seed Co International Limited (SCIL.bw)

Share price: 270.00 Thebe (0.00 | 0.00% – 10/08/22)

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