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Unaudited Interim Results for the
six months ended 30 September 2022 and Declaration of Ordinary Cash Dividend
FRONTIER TRANSPORT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2015/250356/06
Share code: FTH
ISIN: ZAE000300505
(“Frontier” or the “Company”)
UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE
SIX MONTHS ENDED 30 SEPTEMBER 2022 AND DECLARATION OF ORDINARY CASH
DIVIDEND TO SHAREHOLDERS
FINANCIAL HIGHLIGHTS
- Revenue: R1 167.285m, up 15.2% (September 2021: R1 013.538m)
- Headline earnings per share: 35.67 cents, down 8.2% (September 2021: 38.86 cents)
- Earnings per share: 36.16 cents, down 6.2% (September 2021: 38.56 cents)
- Net asset value: R1 430.590m, up 7.6% (September 2021: R1 330.015m)
- Ordinary cash dividends: 22 cents (September 2021: 20 cents)
This short-form announcement is the responsibility of the directors. 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 Thursday, 24 November 2022, via the JSE link and also available on the Company’s
website at www.frontiertransport.co.za
Copies of the full announcement may also be requested at the Company's registered office
during office hours, at no charge.
The JSE link is as follows:
https://senspdf.jse.co.za/documents/2022/jse/isse/FTHE/Interims.pdf
DECLARATION OF ORDINARY CASH DIVIDEND TO SHAREHOLDERS
The directors have approved and declared an interim ordinary dividend of 22 cents (gross)
per Frontier share for the six months ended 30 September 2022 from income reserves.
The salient dates for the payment of this dividend are as follows:
Announcement date Thursday, 24 November 2022
Last day to trade cum dividend Monday, 12 December 2022
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.
In terms of legislation applicable to Dividends Tax (“DT”) the following additional information
is disclosed:
- The interim ordinary dividend shall constitute a “dividend” as defined in the Income Tax
Act, 58 of 1962.
- The local DT rate is 20%.
- The number of ordinary shares in issue at the date of the declaration is 290 516 386.
- The DT amounts to 4.4 cents per share for the interim ordinary dividend.
- The net local dividend amount is 17.6 cents per share for the interim ordinary dividend
for all shareholders who are not exempt from DT.
- Frontier’s income tax reference number is 9754/276/16/1.
In terms of DT legislation, any DT amount due will be withheld and paid over to the South
African Revenue Service by a nominee company, stockbroker or Central Securities Depository
Participant (collectively “regulated intermediary”) on behalf of shareholders. All shareholders
should declare their status to their regulated intermediary as they may qualify for a reduced
DT rate or exemption.
Cape Town
24 November 2022
Sponsor
Investec Bank Limited
Date: 24-11-2022 10:00:00
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