Wrap Text
Short-form announcement: results for the year ended 30 June 2022 and dividend declaration
Mustek Limited
Incorporated in the Republic of South Africa
Registration number: 1987/070161/06
JSE share code: MST
ISIN: ZAE000012373
"Mustek" or "the Group"
SHORT-FORM ANNOUNCEMENT: RESULTS FOR THE YEAR ENDED 30 JUNE 2022 AND DIVIDEND DECLARATION
- Revenue R8.91 billion up 11.5% (2021: restated: R7.99 billion)
- Gross profit % decreased to 14.3% (2021: 14.9%)
- Earnings per share 350.96 cents down 17.3% (2021: 424.54 cents)
- Headline earnings per share 357.38 cents, down 19.1% (2021: 441.81 cents)
- Dividend per share 76 cents down 15.6% (2021: 90 cents)
- Net asset value per share 2 395.02 cents up 17.1% (2021: 2 046.07 cents)
The information has been extracted from the audited results for the year ended 30 June 2022. This announcement itself
has not been audited or reviewed.
This short-form announcement is the responsibility of the directors. The Group's external auditors, BDO South Africa Incorporated., expressed
an unmodified audit opinion on the consolidated and separate financial statements in their report dated 12 September 2022.
That report also includes the communication of key audit matters. It is only a summary of the information contained in the
full announcement and does not contain full or complete details. Any investment decision should be based on the full
announcement, which can be accessed from Tuesday, 13 September 2022, using the following JSE link:
https://senspdf.jse.co.za/documents/2022/jse/isse/MST/FY22.pdf
Alternatively, the full announcement, the independent auditor's report and the audited consolidated and separate
financial statements are available on our website at https://mustek.co.za/financial/
The full announcement is available for inspection at Mustek's registered office on weekdays from 09:00 to 16:00, and copies
thereof may be requested free of charge at ltd@mustek.co.za
A virtual results presentation will be held on Wednesday 14 September 2022 at 11:00am. The following link can be used to join
the presentation:https://bit.ly/3BqAmgW
Dividend declaration
Notice is hereby given that a final dividend of 76 cents per ordinary share for the year ended 30 June 2022 is
declared, payable to shareholders recorded in the books of the company at the close of business on the record date
appearing below. This dividend is declared out of income reserves. The company's income tax reference number is
9550081716 and the company has 59 000 000 ordinary shares in issue and ranking for dividend at the date of this
declaration. The South African dividend tax rate is 20%, resulting in a net dividend of 60.80 cents per share to
shareholders who are not tax exempt.
The salient dates applicable to the final dividend are as follows:
Last day of trade cum dividend Tuesday, 4 October 2022
First day to trade ex dividend Wednesday, 5 October 2022
Record date Friday, 7 October 2022
Payment date Monday, 10 October 2022
No share certificates may be dematerialised or rematerialised between Wednesday, 5 October 2022 and
Friday, 7 October 2022, both days inclusive.
For and on behalf of the Board of directors
Hein Engelbrecht CA(SA)
Group Chief Executive Officer
Shabana Aboo Baker Ebrahim CA(SA)
Group Financial Director
13 September 2022
Midrand
Company secretary:
Sirkien van Schalkwyk, Block B, Office 107, Elarduspark Shopping Centre, 837 Barnard Street, Elarduspark, 0181
PO Box 4896, Rietvalleirand, 0174
Telephone: +27 (0) 12 751 6000
Transfer secretaries:
Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
Private Bag X9000, Saxonwold, 2132, South Africa
Telephone: +27 (0) 11 370 5000
Registered office:
322 15th Road, Randjespark, Midrand, 1685
Postal address:
PO Box 1638, Parklands, 2121
Contact numbers:
Telephone: +27 (0) 11 237 1000
Facsimile: +27 (0) 11 314 5039
Email: ltd@mustek.co.za
Sponsor:
Deloitte & Touche Sponsor Services Proprietary Limited
www.mustek.co.za
Date: 13-09-2022 08:30:00
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