DENEB INVESTMENTS LIMITED - Reviewed Condensed Consolidated Financial Results for the Year Ended 31 March 2022 and Dividend Declaration

Reviewed Condensed Consolidated Financial Results  for the Year Ended 31 March 2022 and Dividend Declaration

DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB
ISIN: ZAE000197398
(“Deneb” or the “Group”)



REVIEWED CONDENSED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED
31 MARCH 2022 AND DISTRIBUTION DECLARATION



1.   SALIENT FEATURES

     Revenue increased by R352 million (13.3%) to R2 993 million, from R2 641 million in the
     prior corresponding period.

     Headline earnings per share (“HEPS”) increased by 10 cents (43%) to 33 cents per share
     from 23 cents per share in the prior corresponding period.

     Earnings per share (“EPS”) is unchanged at 29 cents from the prior corresponding period.

     Distribution per share (“DPS”) increased by 2 cents per share (29%) to 9 cents per share,
     from 7 cents per share in the prior corresponding period.

     Net asset value per share (“NAVPS”) increased by 22 cents per share (6%) to 385 cents per
     share, from 363 cents per share in the prior corresponding period.

2.   DISTRIBUTION DECLARATION

     The directors resolved to declare a distribution of 9 cents per ordinary share (2021: 7 cents)
     out of retained earnings through the reduction of contributed tax capital (“distribution”).

     The number of ordinary shares in issue at the declaration date is 435 642 509 and the income
     tax number of the Company is 9844426156.

     The salient dates of the distribution are:

     Distribution declared                           Thursday, 26 May 2022
     Last day to trade cum distribution              Monday, 13 June 2022
     Shares trade ex distribution                    Tuesday, 14 June 2022
     Record date                                     Friday, 17 June 2022
     Payment date                                    Monday, 20 June 2022

     Share certificates may not be dematerialised or rematerialised between Tuesday, 14 June
     2022 and Friday, 17 June 2022, both days inclusive.
3.   SHORT-FORM ANNOUNCEMENT

     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/DNBE/dnbMar22.pdf

     Copies of the Full Announcement is also available for viewing on the Company’s website at
     https://deneb.co.za/wp-content/uploads/2022/05/Deneb-Results-Booklet-March-2022.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.

     Any investment decisions by investors and/or shareholders should be based on consideration
     of the Full Announcement, as a whole.

     These annual results have been reviewed by the Company’s                           auditors,
     PricewaterhouseCoopers Inc., who expressed an unmodified review conclusion.


26 May 2022

Sponsor

PSG Capital

Date: 26-05-2022 04:30:00
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