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YEBOYETHU (RF) LIMITED - Interim results for the six months ended 30 September 2022 and dividend declaration

Release Date: 28/11/2022 08:00
Code(s): YYLBEE     PDF:  
Wrap Text
Interim results for the six months ended 30 September 2022 and dividend declaration

YeboYethu (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2008/014734/06)
Share code: YYLBEE
ISIN: ZAE000218483
("YeboYethu” or the “company”)


Interim results for the six months ended 30 September 2022 and dividend declaration

Shareholders are advised that YeboYethu’s results and reviewed condensed consolidated interim financial
statements for the six months ended 30 September 2022 are available on YeboYethu's website at
www.yeboyethu.co.za. The salient features include:

    •   Dividends received from Vodacom of R492.1 million;
    •   Loss on remeasurement on financial instrument of R4 340.0 million for the period resulting from the
        Vodacom share price decreasing from R160.00 as at 31 March 2022 to R122.08 as at 30 September 2022;
    •   Finance costs of R260.1 million incurred during the current financial period;
    •   Reduction in debt of R428.6 million with R343.0 million planned subsequent to period end from the
        dividend distribution from Vodacom;
    •   Basic loss per share of 6 006 cents;
    •   Declared an interim dividend of 70 cents per share.

YeboYethu’s only material investment is its investment in Vodacom Group Limited (‘Vodacom’). Shareholders
are advised that Vodacom has released its interim results for the six months ended 30 September 2022 on
SENS and is available for download on the Vodacom website hosted at www.vodacom.com

Declaration of interim dividend No. 20 - payable from income reserves

Notice is hereby given that a gross interim dividend No. 20 of 70.00000 cents per ordinary share in respect
of the six months ended 30 September 2022 has been declared payable on Monday 19 December 2022 to
shareholders recorded in the register at the close of business on Thursday 15 December 2022. The number
of ordinary shares in issue at the date of this declaration is 52 915 960. The ordinary dividend will be subject
to a local dividend withholding tax rate of 20%. Accordingly, for those shareholders not exempt from paying
dividend withholding tax, the net ordinary dividend will be 56.00000 cents per ordinary share.

    Last day to trade shares cum dividend            Monday 12 December 2022
    Shares commence trading ex-dividend              Tuesday 13 December 2022
    Record date                                      Thursday 15 December 2022
    Payment date                                     Monday 19 December 2022

Share certificates may not be dematerialised or rematerialised between Tuesday 13 December 2022 and
Thursday 15 December 2022, both days inclusive.

On Monday 19 December 2022, the interim dividend will be electronically transferred into the bank accounts
of all certificated shareholders where this facility is available. Shareholders who hold dematerialised shares
will have their accounts at their CSDP or broker credited on Monday 19 December 2022.

YeboYethu (RF) Limited tax reference number is 9087475175.

Midrand

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

28 November 2022






Date: 28-11-2022 08:00:00
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