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Audited Annual Consolidated Results For The Year Ended 31 March 2022, Dividend Declaration, Notice Of Annual General
ARGENT INDUSTRIAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1993/002054/06)
Share code: ART
ISIN: ZAE000019188
(“Argent” or “the company”)
AUDITED ANNUAL CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2022, DIVIDEND
DECLARATION, NOTICE OF ANNUAL GENERAL MEETING AND DISTRIBUTION OF ANNUAL REPORT
FINANCIAL SUMMARY 31 March 2022 31 March 2021 % change
Income statement
Revenue R 000 2 432 702 1 965 960 23.7%
EBITDA R 000 319 096 241 420 32.2%
Operating profit R 000 264 259 189 534 39.4%
Profit for the year R 000 192 076 132 055 45.5%
Statement of financial position
Total assets R 000 1 979 679 1 686 000 17.4%
Total liabilities R 000 702 282 552 592 27.1%
Total shareholders’ funds R 000 1 277 397 1 133 408 12.7%
Net asset value per share cents 2 238.3 1 910.2 17.2%
Shares in issue
At end of period excluding treasury shares 000 56 392 58 425 (3.5%)
Weighted average 000 57 634 59 999 (3.9%)
Diluted weighted average 000 58 477 60 361 (3.1%)
Earnings and dividend per share
Basic earnings per share cents 330.0 217.3 51.9%
Diluted earnings per share cents 325.3 216.0 50.6%
Headline earnings per share cents 339.2 217.9 55.7%
Diluted headline earnings per share cents 334.3 216.6 54.3%
Dividend per share cents 42.0 0.0 100%
DIVIDEND DECLARATION
The directors of the company have declared and approved a final gross dividend of 42 cents per share for the year
ended 31 March 2022 from income reserves. Total ordinary dividends per share in respect of the financial year to
31 March 2022 therefore amounts to 42 cents (2021 - nil).
The following dates will apply to the abovementioned final dividend:
Last day to trade cum dividend: Tuesday, 26 July 2022
Trading ex-dividend commences: Wednesday, 27 July 2022
Record date: Friday, 29 July 2022
Dividend payment date: Monday, 1 August 2022
Share certificates may not be dematerialised or re-materialised between Wednesday, 27 July 2022 and
Friday, 29 July 2022, both days inclusive.
In determining the dividends tax of 20% to be withheld in terms of the Income Tax Act (No 58 of 1962), those
shareholders who are not exempt from the dividend tax will therefore receive a dividend of 33.6 cents per share net
of dividend tax. The company has 57 199 206 ordinary shares in issue as at 29 June 2022 and its income tax
reference number is 9096/002/71/3.
Ordinary shareholders who hold dematerialised shares will have their accounts at their CSDP or broker
credited/updated on Monday, 1 August 2022.
SHORT FORM ANNOUNCEMENT
The audited annual consolidated financial statements have been audited by BDO South Africa Inc., who expressed
an unqualified audit opinion thereon. A copy of the auditor’s report including the key audit matters is available for
inspection, during office hours, at the company’s registered office, together with the financial statements identified in
the auditor’s report, as well as on the company’s website,
https://argent.co.za/wp-content/uploads/2022/06/YE2022-SENS-short-form.pdf
This short-form announcement is the responsibility of the directors of the company. It contains only a summary of the
information in the full announcement (“Full Announcement”) and does not contain full or complete details. The Full
Announcement can be found at: https://senspdf.jse.co.za/documents/2022/JSE/ISSE/ART/YE2022.pdf. Any
investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement,
as a whole.
Copies of the full announcement is available for viewing on the company’s website at
https://argent.co.za/wp-content/uploads/2022/06/YE2022-SENS.pdf or may be requested in person, at the company’s
registered office or the office of the sponsor, at no charge, during office hours.
DISTRIBUTION OF ANNUAL REPORT AND NOTICE OF ANNUAL GENERAL MEETING
Shareholders are hereby advised that the company’s annual report (“Annual Report”), including the full audited
consolidated financial statements of the company for the financial year ended 31 March 2022 and the notice of the
annual general meeting of the company (“Notice of AGM”), has been distributed to shareholders today,
29 June 2022. The Annual Report is available on the company’s website,
https://argent.co.za/wp-content/uploads/2022/06/annual-report-2022.pdf
Notice is hereby given that Argent’s annual general meeting (“AGM”) of shareholders will be held in the company’s
boardroom at First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga, on Friday,
19 August 2022 at 11:00 to transact the business as stated in the abovementioned Notice of AGM.
Kindly note the following salient details:
Issuer name Argent Industrial Limited
Type of instrument Ordinary shares
ISIN number ZAE000019188
JSE code ART
Meeting type Annual General Meeting
Meeting venue First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge
Office Estate, Umhlanga
Record date – to determine which Friday, 17 June 2022
shareholders are entitled to receive the notice
of meeting
Publication/posting date Wednesday, 29 June 2022
Last day to trade – Last day to trade to Monday, 8 August 2022
determine eligible shareholders that may
attend, speak and vote at the meeting
Record date – to determine eligible Friday, 12 August 2022
shareholders that may attend, speak and vote
at the meeting
Meeting deadline date (For administrative Wednesday, 17 August 2022
purposes, forms of proxy for the meeting to be
lodged)
Meeting date 11:00 on Friday, 19 August 2022
Publication of results Friday, 19 August 2022
Website link https://argent.co.za/wp-content/uploads/2022/06/annual-report-2022.pdf
Umhlanga
29 June 2022
Sponsor
PSG Capital
Date: 29-06-2022 09:35:00
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