| Dividends to ordinary shareholders |
The company paid the final dividend of 120 cents per ordinary share for the 2006 financial year on 18 December 2006.
On 12 November 2007, the board of directors declared a final dividend for the 2007 financial year of 130 cents per ordinary
share. |
| cents |
|
2007 |
2006 |
|
| Ordinary dividends |
|
225 |
200 |
|
| Interim, paid on 18 June 2007 to shareholders registered on 15 June 2007 |
|
95 |
80 |
|
Final, payable on 10 December 2007 to shareholders registered on
7 December 2007 |
|
130 |
120 |
|
| |
|
|
|
|
| Total |
|
225 |
200 |
|
|
| |
| Dividends to preference shareholders |
The company paid the preference dividend of 392 cents in respect of the second half of the 2006 financial year on
11 December 2006.
On 12 November 2007, the board of directors declared a preference dividend of 460 cents per preference share in respect
of the second half of the 2007 financial year. |
| cents |
|
2007 |
2006 |
|
| Preference dividends |
|
|
|
|
| Paid on 11 June 2007 to shareholders registered on 8 June 2007 |
|
430 |
361 |
|
Payable on 10 December 2007 to shareholders registered on
7 December 2007 |
|
460 |
392 |
|
| Total |
|
890 |
753 |
|
|
| |
| Directorate |
The directorate is listed in this report.
Mutle Mogase was the only new appointment during the year as an independent non-executive director on 12 March 2007.
There were no resignations in the year. |
| |
| Rotation of directors |
In terms of Article 13 of the company's articles of association one third of the directors shall retire at each annual general
meeting on a rotational basis as determined in this article. Retiring directors are eligible
for re-election.
The following directors were re-elected at the annual general meeting held on 1 March 2007: |
Leon Kirkinis
Ashley Mabogoane
Ramani Naidoo
Brian Steele
Günter Steffens |
(Executive: Chief executive officer)
(Independent non-executive: Chairman)
(Independent non-executive)
(Independent non-executive)
(Independent non-executive) |
|
| |
| Company secretary |
| The group company secretary is Sarita Martin who has resigned with effect from 30 November 2007. The group is in the
process of finalising the appointment of a new company secretary which will be communicated via SENS once finalised. |
| |
| Directors’ and company secretary’s interest in shares |
| The directors and company secretary's interests in the ordinary issued share capital of the company, held directly and
indirectly, is set out in the table. All the shares are held beneficially. The directors and company secretary did not have any
interest in the preference issued share capital of the company. There has been no material change in the interest of directors
in the ordinary and preference issued share capital of the company between 30 September 2007 and the date of this report. |
| |
| Name |
Date appointed
to the board |
Note |
2007 |
2006 |
| Direct |
Indirect |
Total |
Direct |
Indirect |
Total |
| Executive directors |
|
|
|
|
|
|
|
|
| Gordon Schachat (executive deputy chairman) |
1 July 1995 |
|
3 000 000 |
9 000 000 |
12 000 000 |
3 000 000 |
9 000 000 |
12 000 000 |
| Leon Kirkinis (chief executive officer) |
1 July 1997 |
|
3 000 000 |
13 038 365 |
16 038 365 |
3 000 000 |
12 788 365 |
15 788 365 |
| Toni Fourie |
21 October 2003 |
|
0 |
0 |
0 |
0 |
0 |
0 |
| Tami Sokutu |
19 May 2003 |
2 |
0 |
3 367 209 |
3 367 209 |
0 |
3 334 643 |
3 334 643 |
| Dave Woollam |
1 November 2002 |
|
1 200 000 |
0 |
1 200 000 |
1 440 000 |
0 |
1 440 000 |
| Subtotal |
|
|
7 200 000 |
25 405 574 |
32 605 574 |
7 440 000 |
25 123 008 |
32 563 008 |
| Non-executive directors |
|
|
|
|
|
|
|
| Ashley Mabogoane(non-executive chairman) |
1 December 1999 |
3 |
4 000 |
829 629 |
833 629 |
4 000 |
821 606 |
825 606 |
| Dave Gibbon |
1 June 2003 |
|
0 |
0 |
0 |
0 |
0 |
0 |
| Bahle Goba |
6 June 2003 |
|
0 |
0 |
0 |
0 |
0 |
0 |
| Ramani Naidoo |
19 May 2003 |
4 |
0 |
82 963 |
82 963 |
0 |
82 161 |
82 161 |
| Brian Steele |
19 May 2003 |
|
0 |
0 |
0 |
0 |
0 |
0 |
| Günter Steffens |
19 May 2003 |
|
0 |
0 |
0 |
0 |
0 |
0 |
| Daniel Tembe |
1 January 2000 |
5 |
2 000 |
82 963 |
84 963 |
2 000 |
82 161 |
84 161 |
| Oshy Tugendhaft |
1 April 2003 |
|
10 000 |
0 |
10 000 |
10 000 |
0 |
10 000 |
| Mutle Mogase |
12 March 2007 |
6 |
0 |
1 659 259 |
1 659 259 |
0 |
0 |
0 |
| Subtotal |
|
|
16 000 |
2 654 814 |
2 670 814 |
16 000 |
985 928 |
1 001 928 |
| Past directors |
|
1 |
|
|
|
|
|
|
| Johan de Ridder |
22 April 2002 |
|
|
|
|
0 |
800 000 |
800 000 |
| Angus Herselman |
6 June 2003 |
|
|
|
|
0 |
0 |
0 |
| Dawn Marole |
17 March 2003 |
|
|
|
|
0 |
1 326 893 |
1 326 893 |
| Jacob Kekane |
14 February 2000 |
|
|
|
|
2 000 |
188 969 |
190 969 |
| Steven Levitt |
14 February 2000 |
|
|
|
|
0 |
0 |
0 |
| Bheki Shongwe |
14 February 2000 |
|
|
|
|
7 000 |
188 969 |
195 969 |
| Subtotal |
|
|
|
|
|
9 000 |
2 504 831 |
2 513 831 |
| Company secretary |
|
|
|
|
|
|
|
|
| Sarita Martin |
|
7 |
0 |
62 222 |
62 222 |
0 |
61 620 |
61 620 |
| Subtotal |
|
|
0 |
62 222 |
62 222 |
0 |
61 620 |
61 620 |
| Total |
|
|
7 216 000 |
28 122 610 |
35 338 610 |
7 465 000 |
28 675 387 |
36 140 387 |
|
| Note 1: |
These directors resigned effective 25 April 2006.
|
| Note 2: |
Tami Sokutu has a 10,21% interest in Eyomhlaba Investment Holdings Limited. Increased by 32 566 shares – see note 8 below. |
| Note 3: |
Ashley Mabogoane has a 2,52% interest in Eyomhlaba Investment Holdings Limited. Increased by 8 023 shares – see note 8 below.
|
| Note 4: |
Ramani Naidoo has a 0,25% interest in Eyomhlaba Investment Holdings Limited. Increased by 802 shares – see note 8 below. |
| Note 5: |
Daniel Tembe has a 0,25% interest in Eyomhlaba Investment Holdings Limited. Increased by 802 shares – see note 8 below. |
| Note 6: |
Mutle Mogase has a 5,03% interest in Eyomhlaba Investment Holdings Limited.
|
| Note 7: |
Sarita Martin has a 0,19% interest in Eyomhlaba Investment Holdings Limited. Increased by 602 shares – see note 8 below. |
| Note 8: |
Eyomhlaba Investment Holdings Limited owns 32 977 241 (2006: 30 947 287) ordinary shares in ABIL which is 6,62% (2006: 6,21%) of ABIL's issued ordinary
share capital. These directors' and the company secretary's indirect holdings in ABIL increased by the number of shares shown in the notes above as a result of the
acquisition by Eyomhlaba Investment Holdings Limited of an additional 2 029 954 ABIL ordinary shares during the current year. |
|
