ANCHOR GROUP LIMITED - Unaudited interim results for the half year ended 30 June 2019, declaration of dividend and changes to board

Unaudited interim results for the half year ended 30 June 2019, declaration of dividend and changes to board

ANCHOR GROUP LIMITED
Incorporated in the Republic of South Africa)
(Registration number 2009/005413/06)
("Anchor" or "the Company" or "the Group")
Share code: ACG         ISIN: ZAE000193389


SHORT-FORM ANNOUNCEMENT: UNAUDITED INTERIM RESULTS FOR THE HALF YEAR ENDED 30 JUNE
2019 AND DECLARATION OF DIVIDEND NUMBER 10 AND CHANGES TO THE BOARD OF DIRECTORS
                                   


HIGHLIGHTS

•    Assets under management and advice increased by 11% during 2019 to R54.4 billion
     (31 December 2018: R49.0 billion).
•    Earnings per share increased by 150% to 47.4 cents per share (2018: -95.8 cents per share).
•    Headline earnings per share improved by 158% to 47.4 cents per share (2018: 18.4 cents
     per share).
•    Adjusted Headline Earnings down 11% at R36.8 million (R41.5 million to 30 June 2018).
•    Adjusted Headline Earnings Per Share down 14% at 18 cents per share (21.0 cents per share
     to 30 June 2018).
•    Cash and cash equivalents and short-term investments balance of R172 million (R144
     million at 31 December 2018).
•    Net asset value per share up 8% at 457 cents per share (31 December 2018: 422 cents per
     share).
•    Interim dividend of 9 cents per share (30 June 2018: 10.5 cents per share).
•    The turnover of the Group increased by 13% to R268 million (30 June 2018: R238 million).

DIVIDEND

As stated, the Company has a long-term intention of paying half of its adjusted headline
earnings as a dividend going forward.

For the period ended 30 June 2019 the Company has declared a gross dividend (Number 10)
of 9.00000 cents per share (2018: 10.50000 cents).

The dividend will be subjected to a dividend withholding tax rate of 20% or 1.80000 cents per
ordinary share and accordingly the net dividend is 7.20000 cents, while the dividend payable
to shareholders who are exempt from dividend withholding tax is 9.00000 cents per share.

Anchor's tax reference number is 9527/450/16/8. There are 209 755 778 ordinary shares in issue
at the declaration date.

The salient dates for the dividend are as follows:

    Last date to trade 'cum' dividend                                 Monday, 23 September 2019
                                                                                        
    Shares commence trading 'ex' dividend                             Wednesday, 25 September 2019
                                                                                        
    Record date (date shareholders recorded in share register)        Friday, 27 September 2019
    Payment date                                                      Monday, 30 September 2019
                                                                                     

Shareholders may not dematerialise or rematerialise their share certificates between
Wednesday, 25 September 2019 and Friday, 27 September 2019, both dates inclusive.
Payment of the dividend will be made to shareholders on Monday, 30 September 2019, in
respect of dematerialised shares, certificated shareholders' dividend payments will be
deposited on/or about Monday, 30 September 2019.

Changes to the board of directors

A number of changes to the board of directors took place on the 4 September 2019, refer to
the full announcement for further details.


Short-form announcement

This short-form announcement is only a summary of the information in the full announcement
and does not contain full or complete details of the financial results that were published on
4 September 2019, and is the responsibility of Anchor's board of directors. The information in
this short-form announcement has been extracted from the unaudited interim results for the
half year ended 30 June 2019. Any investment decision should be based on consideration of
the full announcement published on Anchor's website:
www.anchorgroup.co.za/presentationsresults/ and available on the JSE's website at:
https://senspdf.jse.co.za/documents/2019/jse/isse/acg/1H 2019.pdf

A copy of the full announcement is available for inspection during business hours at the
registered offices at Anchor or its sponsor, Java Capital, from 4 September 2019 to 11
September 2019, both days inclusive. Such inspection will be at no charge and investors may
request a copy of Anchor's unaudited interim results for the half year ended 30 June 2019 from
info@anchorcapital.co.za.


For and on behalf of the board



Peter Armitage                                                                     Mike Teke
Chief Executive Officer                                                            Chairman
04 September 2019

Date: 04/09/2019 04:35:00
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.