Wrap Text
Summarised audited results for the year ended 31 March 2023 and dividend declaration
Marshall Monteagle PLC
(Incorporated in Jersey)
(Registration number: 102785)
(External registration number:
2010/024031/10)
JSE Code: MMP ISIN: JE00B5N88T08
(“the Company”)
Summarised audited results for the year ended 31 March 2023 and dividend declaration
Note : This announcement is published to correct a formatting error that occurs in the
long form Audited Annual Results for the year ended 31 March 2023 of the Company,
which was published on the JSE website on 21 June 2023 and contains no other
amendments.
Marshall Monteagle is an Investment Company. It is listed on the JSE Limited and has a broad and
diversified range of investments. The investments fall broadly into the following categories:
• Blue Chip International listed companies;
• Industrial Property in the United States of America and South Africa; and
• Financing and Trading Companies that operate on an international basis.
The Company’s objective is to invest for the long term to generate reliable profits, cash flow and
dividends for our shareholders; thereby achieving capital growth for the benefit of all stakeholders. The
performance of the Group’s investments is monitored and regularly reviewed by the Board.
As a result of the change in year end of the Company in 2022, the previous financial accounts for the
period ending 31 March 2022 was for an 18 month period. When compared to the current 12 month
period to 31 March 2023, it should be highlighted that this can have a skewing effect on the percentage
figures stated in the salient features below. Detailed analysis of the financial results is provided in the
financial statements.
Salient Features
% 12 months to 31 18 months to 31
change March 2023 March 2022
Total revenue (38)% $125,327,000 $201,123,000
Operating profit (77)% $2,932,000 $12,562,000
Profit before tax (91)% $792,000 $8,142,000
Basic earnings (rands) (94)% ZAR0.11 ZAR1.87
Headline earnings (rands) (156)% ZAR(0.78) ZAR1.154
Basic earnings (cents per share) (95)% 0.6c 12.8c
Headline earnings (cents per share) (156)% (4.4)c 7.9c
Weighted average number of ordinary shares 35,857,512 35,857,512
Dividend
The Directors have declared a final gross dividend for the year ended 31 March 2023 of US 1.90000
cents per share (34.55625 ZAR cents per share). The dividend will be paid on Friday 28 July 2023 to
those shareholders registered at the close of business on Friday, 14 July 2023.
Shareholders on the South African register will receive their dividend in South African Rand converted
from US Dollars at the closing rate of exchange on Monday, 19 June 2023 which was US$1 = ZAR
18.18750).
In respect of the normal gross cash dividend, and in terms of the South African Tax Act, the following
dividend tax ruling only applies to those shareholders who are registered on the South African register
on Friday, 14 July 2023. All other shareholders are exempt.
• The dividend has been declared from income reserves, which funds are sourced from the Jersey
holding company’s main bank account in Switzerland.
• The gross dividend in ZAR cents is 34.55625 cents.
• The dividend withholding tax rate is 20% resulting in a net dividend of US 1.52000 cents
(27.64500 ZAR cents) per share to those shareholders who are not exempt from the dividend
withholding tax.
The issued number of shares as at declaration date is 35,857,512.
The Company’s Jersey tax number is CH4513.
Salient dates for the dividend:
Last day to trade Tuesday 11 July 20223
Shares trade ex-dividend Wednesday 12 July 2023
Record date Friday 14 July 2023
Pay date Friday, 28 July 2023
No dematerialisation or rematerialisation of share certificates, nor transfer of shares between the
registers in Jersey and South Africa will take place between Wednesday 12 July 2023 and Friday 14
July 2023, both dates inclusive.
Audit Report
This report for the year ended 31 March 2023 was prepared under the supervision of the Financial
Director, Mr E.J. Beale. Although these financial results were themselves not audited they are extracted
from the consolidated and company annual financial statements which were audited by Grant Thornton
Limited who issued an unmodified audit opinion on the financial statements. Their audit opinion,
together with the audited annual financial statements, can be viewed at www.city-group.com/london-
finance-investment-group-plc/marshall-monteagle-plc/ which also provides more details on the key
audit matters on pages 55 to 60 of the annual financial statements. The audited Annual Report will be
mailed to shareholders on 30th June 2023.
Full Announcement
This short-form announcement is the responsibility of the Directors of the Company and is a summary of the
information in the full announcement which is available for viewing on the following website:
JSE website: https://senspdf.jse.co.za/documents/2023/jse/isse/mmp/mmp23-2.pdf
Any investment decision by investors and/or shareholders should be based on consideration of the full
announcement, copies of which are also available for inspection at our offices and available from the
company secretary at: melissa.bourgeois@city-group.com on business days, during business hours, at no
charge:
On behalf of the Board
United Kingdom
23 June 2023
JSE Sponsor to the Company
Questco Corporate Advisory Proprietary Limited
Date: 23-06-2023 02:55:00
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.
Sharenet Sites 
