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Summarised Audited Results for the year ended 31 December 2022 and Dividend Declaration
BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
Share code: BEL
ISIN: ZAE000028304
Registration number 1968/013656/06
("Bell Equipment" or "the Company")
SUMMARISED AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2022 AND DIVIDEND DECLARATION
INTRODUCTION
Bell Equipment is a Proudly South African and global company with more than 68 years of experience in the manufacture,
distribution and support of materials handling equipment. Our comprehensive network of Bell branches and independent dealers
supplies equipment solutions, ancillary products and after-sales services to the agriculture, forestry, waste handling,
construction and mining industries worldwide.
The content of this short form announcement is the responsibility of the board of directors of the Company.
Deloitte & Touche have issued an unmodified auditor's report on the annual financial statements for the year ended 31 December 2022.
The audit report also includes communication of key audit matters. Key audit matters are those matters that, in their professional
judgement, were of most significance in their audit of the annual financial statements of the current period. The auditor's report
and the annual financial statements are available on the Company's website at www.bellir.co.za.
Shareholders are advised that this short form announcement, which in itself is not audited, represents a summary of the information
contained in the full announcement and does not contain full or complete details of the financial results.
Any investment decisions by investors should be based on a consideration of the full announcement as a whole and investors
are encouraged to review the full announcement, which is available for viewing on the Company's website (www.bellir.co.za).
Link to financial results https://senspdf.jse.co.za/documents/2023/jse/isse/BEL/Final22.pdf
The full announcement is also available for inspection, at no charge, at the registered office of the Company,
13 - 19 Carbonode Cell Road, Alton, Richards Bay, 3900 and at the offices of Bell Equipment Limited's sponsor,
Investec Bank Limited, 100 Grayston Drive, Sandown, Sandton, during normal business hours from Friday, 31 March 2023.
Investors may request copies of the full announcement from the Company Secretary (Diana.Mcilrath@bellequipment.com).
FINANCIAL AND OPERATING RESULTS
2022 2021 % change
R'000 R'000
Revenue 10 276 220 8 017 125 28
Profit from operating activities 705 188 403 722 75
Profit for the year 478 851 294 266 63
Net cash inflow for the year 14 239 81 639 (83)
Earnings per share (basic)(cents) 478 300 59
Headline earnings per share (basic)(cents) 473 294 61
Net asset value per share (cents) 4 565 4 038 13
Dividend per share (cents) 90 50 80
DIVIDENDS
Notice is hereby given that the directors have declared a gross final cash dividend of 90 cents per ordinary share
(2021: 50 cents per share) for the year ended 31 December 2022 payable to ordinary shareholders in accordance
with the timetable below.
The net final dividend is 72.00000 cents per share for ordinary shareholders who are not exempt from dividends tax.
The dividend withholding tax rate is 20 percent.
The dividend has been declared from income reserves.
The company’s income tax reference number is 9022169206.
The issued share capital at the declaration date is 95 629 385 ordinary shares.
Last day of trade to receive a dividend Tuesday, 18 April 2023
Shares commence trading “ex” dividend Wednesday, 19 April 2023
Record date Friday, 21 April 2023
Payment date Monday, 24 April 2023
Share certificates may not be dematerialised or rematerialised between Wednesday, 19 April 2023, and
Friday, 21 April 2023, both days inclusive.
A shareholders’ presentation is available on the Company's website.
On behalf of the board
Gary Bell Leon Goosen
Chairman Chief Executive
Richards Bay
31 March 2023
DIRECTORS
Non-executive
GW Bell (Chairman), HR van der Merwe* (Lead Independent), DH Lawrance*, ME Ramathe*, R Naidu*, U Maharaj*, M Geyer*, AJ Bell
*Independent
Executive
L Goosen (Group Chief Executive), A Goordeen (Alternate), KJ van Haght (Group Finance Director)
Company Secretary
D McIlrath
Registered Office
13 - 19 Carbonode Cell Road, Alton, Richards Bay, 3900
Transfer Secretaries
JSE Investor Services Proprietary Limited
19 Ameshoff Street, Johannesburg, 2000
Sponsor
Investec Bank Limited
100 Grayston Drive, Sandown, Sandton, 2196
Auditors
Deloitte & Touche
www.bellir.co.za
Date: 31-03-2023 04:49:00
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