|Notice is hereby given that the Company?s annual compliance report in terms of section 13G(2) of the Act has been published and is available on the Company?s website at www.hplr.co.za.|
|The board of directors of the company (?board?) advised that, on Tuesday, 12 June 2018, Mr Yunis Shaik resigned as chairperson of the board?s remuneration committee (?Remuneration Committee?) and that, on Tuesday, 12 June 2018, Mr Kevin Govender was appointed to succeed Mr Shaik as chairperson of the Remuneration Committee. Mr Yunis Shaik continues to serve on the board.|
|The following results are the company's maiden final results. Revenue came to R1.8 billion whilst EBITDA was R454.1 million. Profit attributable to equity holders of R235.9 million was recorded. Furthermore, headline earnings per share were 81.15cps. |
The directors have not declared a final dividend for the full year, as dividends of R131.9 million were declared and paid to shareholders from income reserves in November 2017. In addition, a dividend of R649.8 million was paid out to Shareholders on 1 February 2018, as part of the restructure and capitalisation of the Group. In future, the Company aims, in line with the dividend policy disclosed in its pre-listing statement dated 15 March 2018, to declare and pay 50% of its annual profit after tax as a dividend to shareholders, subject to working capital requirements and capital expenditure required for expansion and maintenance.
|HPLR is in the process of finalising its financial results for the year ended 31 March 2018. These will be the Company?s maiden results as a JSE listed company.|
Shareholders are hereby advised that a reasonable degree of certainty exists that the Company will report earnings per share (?EPS?) and headline earnings per share (?HEPS?) of between 74 and 88 cents for the year ended 31 March 2018. The EPS and HEPS calculations are based on a weighted number of shares in issue of 290 000 000.
HPLR was dormant at its previous year-end, being 31 March 2017 (prior to listing on the JSE), and as a result the Company reported no earnings or headline earnings during the year ended 31 March 2017. For further information regarding the restructuring of HPLR in anticipation of the listing, kindly refer to the Company?s pre-listing statement dated 15 March 2018, as available on HPLR?s website at www.hplr.co.za.
The Company expects to release its financial results for the year ended 31 March 2018 on or about 23 May 2018. The above financial information is the responsibility of the directors and has not been reviewed or reported on by the Company?s external auditors.
|HPLR is an investment entity tailored to consolidate and expand opportunities in the mobility and logistics sectors. The current portfolio is rooted in the commuter bus and luxury coach segments. Through its principal subsidiary Golden Arrow Bus Services, with over 157 years of proven operational expertise, the Company aims to harness the combined institutional knowledge and skills sets to pursue further prospects in bus and coach operations and potential entr?es into freight, rail and logistics operations.|