TRENCOR LIMITED - Reviewed Condensed Consolidated Financial Statements for year ended 31 December 2019 and cash dividend declaration

Reviewed Condensed Consolidated Financial Statements for year ended 31 December 2019 and cash dividend declaration

Trencor Limited
(Incorporated in the Republic of South Africa)
Registration No. 1955/002869/06
Share code: TRE    ISIN: ZAE000007506 
("Trencor" or "the company")


Reviewed condensed consolidated financial statements for the 
year ended 31 December 2019 and declaration of cash dividend


This short-form announcement is the responsibility of the directors
and represents a summary of the information contained in the
full announcement, which was published on the Stock Exchange
News Service and on the company's website (www.trencor.net) on
31 March 2020.

Any investment decisions by shareholders and other investors
should be based on consideration of the full announcement.
The full announcement is being distributed to shareholders. 
The full announcement is available for viewing at
https://senspdf.jse.co.za/documents/2020/JSE/ISSE/TRE/Prov2019.pdf
It is also available from the registered office of the company and 
at the offices of the sponsor, at no charge, during normal 
business hours.

FINANCIAL RESULTS
                                               Reviewed       Audited
                                                   2019          2018
                                              R million     R million
Revenue (discontinuing operations*)                 513           543
(Loss)/Profit from operations                     (211)         2 879
Continuing operations                                54         2 731
Discontinuing operations*
(Loss)/profit from operations                     (244)           148
Loss on disposal of subsidiary                     (21)             -

                                              Cents per     Cents per
                                                  share         share
Basic (loss)/earnings - entity as a whole         (263)         1 610
Basic (loss)/earnings - continuing
operations                                         (44)         1 571
Headline loss                                      (14)       (1 818)
Final dividend                                      185             -
Total dividend for the year                         185             -
Net asset value                                   1 225         3 587
Other salient information:
Year-end rate of exchange: SA rand to
US dollar                                         14,09         14,39
Average rate of exchange for the year:
SA rand to US dollar                              14,46         13,11

*  Container owning and leasing segment discontinued during the year.

DECLARATION OF CASH DIVIDEND
The board has declared a gross cash dividend (number 106) of
185 cents per share out of distributable reserves in respect of the 
year ended 31 December 2019.

The salient dates pertaining to the dividend payment are as follows:

Last day to trade cum the dividend             Tuesday, 21 April 2020
Trading commences ex the dividend            Wednesday, 22 April 2020
Record date                                     Friday, 24 April 2020
Payment date                                   Tuesday, 28 April 2020

Share certificates may not be dematerialised or rematerialised
between Wednesday, 22 April 2020 and Friday, 24 April 2020, both
days inclusive.

Note that:

  -  Dividend withholding tax at the rate of 20% will be applicable to
     shareholders who are not exempt from this tax, and not subject
     to such tax at a reduced rate, which will result in a net dividend of
     148 cents per share to these shareholders;
  -  Trencor's tax reference number is 9676002711; and
  -  Trencor's issued share capital at the declaration date is R867 673
     (173 534 676 ordinary shares of 0,5 cent each).

On behalf of the board

Hennie van der Merwe
Chief Executive Officer

31 March 2020

Directors: David Nurek (Chairman), Jimmy McQueen, Eddy Oblowitz,
Ric Sieni* (Financial), Roddy Sparks, Hennie van der Merwe* (CEO),
Herman Wessels (*Executive)

Secretaries: Trencor Services Proprietary Limited
Registered Office: 13th Floor, The Towers South, Heerengracht, Cape Town 8001

Transfer Secretaries: Computershare Investor Services Proprietary Limited,
Rosebank Towers, 15 Biermann Avenue, Rosebank 2196
(Private Bag X9000, Saxonwold 2132)

Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited),
1 Merchant Place, Corner Fredman Drive and Rivonia Road, Sandton 2196

Full announcement at www.trencor.net

Date: 31-03-2020 04:42:00
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