REG - Valterra Platinum - Interim Dividend Declaration

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RNS Number : 7524S  Valterra Platinum Limited  28 July 2025

Valterra Platinum Limited

(previously Anglo American Platinum Limited)

(Incorporated in the Republic of South Africa)

(Registration number: 1946/022452/06)

JSE Share Code: VAL

LSE Share Code: VALT

ISIN: ZAE000013181

("the Company" or "Valterra Platinum")

 

28 July 2025

 

Interim Dividend Declaration

 

Interim ordinary cash dividend declaration

 

The Board is pleased to advise that at its meeting held on 24 July 2025, the
directors approved the declaration of a gross interim dividend of R0.5 billion
(R2.00 per share (200 cents per share)) on the ordinary shares from profits
accrued during the six-month period ended 30 June 2025. The dividend pay-out
is aligned with the Company's dividend policy of 40% of headline earnings.

 

 Important dates                                                         JSE                       LSE
 Publication of declaration data and currency conversion rate announced  Monday 28 July 2025       Monday 28 July 2025
 Last day for trading to qualify and participate in the dividend         Tuesday 19 August 2025    Wednesday 20 August 2025
 Trading ex-dividend commences                                           Wednesday 20 August 2025  Thursday 21 August 2025
 Record date                                                             Friday 22 August 2025     Friday 22 August 2025
 Dividend payment date                                                   Monday 25 August 2025     Monday 08 September 2025

 

Share certificates may not be dematerialised or rematerialised between
Wednesday 20 August 2025 and Friday 22 August 2025, both dates inclusive, nor
may any transfers of shareholdings between the South African share register
and the Jersey Branch register be permitted between Tuesday 19 August 2025 and
Friday 22 August 2025, both dates inclusive. Any changes to the dividend
instructions and timetable will be announced on the Johannesburg Stock
Exchange News Service and the LSE Regulatory News Service.

 

The salient dates have been set out above to allow non-South African resident
shareholders sufficient time to apply for a reduced rate of dividend
withholding tax if they qualify for this.

 

The dividend will be paid in South African Rand for shareholders on the South
African share register and in Pound Sterling for shareholders on the Jersey
Branch register, UK Depositary Interest Register and UK Corporate Sponsored
Nominee register. The Pound Sterling cash equivalent is 8.37482 pence per
share (Pound Stirling) based on an exchange rate of GBP1:ZAR23.88110 as quoted
by Bloomberg at 17:00 (CAT) on 25 July 2025.

 

Tax treatment for shareholders on the South African share register

 

The dividend will incur a 20% withholding tax unless an exemption or reduced
rate is applicable under a tax treaty. Should the dividend withholding tax be
withheld at the full rate of 20%, the net dividend will be R1.60 per share
(160 cents per share).

 

Tax treatment for shareholders on the Jersey Branch register, UK Depositary
Interest Register and UK Corporate Sponsored Nominee register

 

Valterra Platinum has retained Computershare UK as an intermediary to receive
and process the relevant prescribed declarations and forms as set out below.
Any reference below to documentation, which is required to be submitted to
Valterra Platinum, should therefore be submitted to Computershare UK.

 

Non-South African tax resident shareholders will be paid the dividend subject
to 20% dividend withholding tax. However, non-South African tax resident
shareholders may be entitled to a reduced rate of dividends tax due to the
provisions of an applicable tax treaty.

 

Shareholders who qualify for an exemption from or reduction in dividends tax
in terms of section 64F of the South African Income Tax Act 58 of 1962 must
provide the following:

 

•     A declaration that the dividend is exempt from dividends tax.

 

•   A written undertaking to inform the regulated intermediary should the
circumstances affecting the exemption change or if the beneficial owner ceases
to be the beneficial owner, both in the form prescribed by the Commissioner
for the South African Revenue Service to the regulated intermediary prior to
the required date to benefit from the exemption. The prescribed form has been
transposed onto the Computershare UK format.

 

Shareholders on the Jersey Branch register, UK Depositary Interest register,
and UK Corporate Sponsored Nominee register will be sent the required
documentation for completion and return to Computershare UK. Qualifying
shareholders on the Jersey Branch register, UK Depositary Interest register,
and UK Corporate Sponsored Nominee register are advised to arrange for the
above mentioned documents to be submitted to Computershare UK by Friday, 22
August 2025.

 

JSE Sponsor:

Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities

 

For further information, please contact:

 

Company Secretary

Fiona Edmundson

fiona.edmundson@valterraplatinum.com

 

Investors:
 

Theto
Maake

platinumIR@valterraplatinum.com (mailto:platinumIR@valterraplatinum.com)

 

Leroy Mnguni

Leroy.mnguni@valterraplatinum.com (mailto:Leroy.mnguni@valterraplatinum.com)

platinumIR@valterraplatinum.com

 

Marcela Grochowina

marcela.grochowina@valterraplatinum.com
(mailto:marcela.grochowina@valterraplatinum.com)

platinumIR@valterraplatinum.com

 

Media:

Cindy Maneveld

cindy.maneveld@valterraplatinum.com

 

About Valterra Platinum

Valterra Platinum Limited is one of the world's leading integrated producers
of platinum group metals (PGMs) with a primary listing on the Johannesburg
Stock Exchange and a secondary listing on the London Stock Exchange.  With a
portfolio of world class, long-life mines and the most efficient processing
assets in the industry, the Company responsibly mines, smelts and refines PGMs
and associated co-products from its operations located in South Africa and
Zimbabwe. With its integrated value chain, supported by marketing hubs in
London, Singapore and Shanghai, the Company delivers tailored solutions for
its customers. The Company continues to integrate sustainability into
everything it does, supports investment in its mining and processing
capabilities and pursues market development activities to grow and
commercialise new demand segments. It also makes a meaningful impact to
communities around its operations and will deliver consistent and superior
returns to shareholders. Valterra Platinum is committed to zero harm, capital
allocation discipline and delivering on our value-accretive strategic
priorities as a standalone, leading integrated PGM producer, guided by our
purpose of unearthing value to better our world.

 

Cautionary Statements

This announcement contains inside information. Upon publication of this
announcement on the Johannesburg Stock Exchange News Service and the LSE
Regulatory News Service, the inside information is considered to be in the
public domain.

 

 

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