Acsion sets scrip dividend ratio at 2 shares per 100 shares held

Reuters2026/08/03 07:30

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Acsion set the terms for its scrip dividend alternative to a ZAR 0.24 cash dividend, with shareholders able to elect new shares.
The election is based on a 30-day VWAP ended June 26 of ZAR 10.11 per share, less a 5% discount.
The resulting reference price is ZAR 9.37 per share, implying 2 scrip shares for every 100 shares held on the Aug. 14 record date.
Fractional entitlements will be rounded down, with cash paid for fractions using the Aug. 12 VWAP discounted by 10%.
Cash dividends may be subject to dividend withholding tax; the scrip alternative and any fraction cash payment are not.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Acsion Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S525022), on August 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Acsion sets scrip dividend ratio at 2 shares per 100 shares held

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