Unaudited condensed consolidated interim results for the six months ended 30 September 2021 and dividend declaration
FRONTIER TRANSPORT HOLDINGS LIMITED
(Formerly Hosken Passenger Logistics and Rail 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 2021 AND DECLARATION OF ORDINARY CASH DIVIDEND TO SHAREHOLDERS
FINANCIAL HIGHLIGHTS
- Revenue: R1 013.538m, up 35.3% (September 2020: R749.254m)
- Headline earnings per share: 38.86 cents, up 67.8% (September 2020: 23.16 cents)
- Earnings per share: 38.56 cents, up 64.0% (September 2020: 23.50 cents)
- Net asset value: R1 330.015m, up 9.9% (September 2020: R1 209.714m)
- Ordinary cash dividends: 20 cents (September 2020: 18 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,
25 November 2021, 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/2021/jse/isse/fthe/interims.pdf
DECLARATION OF ORDINARY CASH DIVIDEND TO SHAREHOLDERS
The directors have approved and declared an interim ordinary dividend of 20 cents (gross) per Frontier share for the six months ended 30 September 2021
from income reserves.
The salient dates for the payment of this dividend is as follows:
Announcement date Thursday, 25 November 2021
Last day to trade cum dividend Monday, 13 December 2021
Commence trading ex-dividend Tuesday, 14 December 2021
Record date Friday, 17 December 2021
Payment date Monday, 20 December 2021
Share certificates may not be dematerialised or rematerialised between Tuesday, 14 December 2021 and Friday, 17 December 2021, 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 290 000 000.
The DT amounts to 4.0 cents per share for the interim ordinary dividend.
The net local dividend amount is 16.0 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
25 November 2021
Sponsor: Investec Bank Limited
Date: 25-11-2021 10:28:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.