Wrap Text
Unaudited condensed consolidated financial statements for the six months ended 31 Dec 2019
TELEMASTERS HOLDINGS LIMITED
(Registration Number: 2006/015734/06)
JSE Code: TLM ISIN: ZAE000093324
(“TeleMasters” or “the Company”)
SHORT-FORM ANNOUNCEMENT:
UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED
31 DECEMBER 2019 AND DIVIDEND DECLARATION
TeleMasters is the premier Managed Solutions Service Provider to medium and small
businesses in South Africa. We work with business owners who seek solutions to their ICT
challenges. We are a trusted advisor to our customers, as we lead them on a solution-
focused journey to simplify and future-proof their businesses’ digital future.
Highlights
• 191% increase in earnings per share to 3,90 cents from 1,34 cents in the previous six
month period
• 12,81% reduction in operating expenses adjusted to exclude benefit of once-off
settlement
• 4,64% increase in cash and cash equivalents on hand
• 1,50 cent dividend declared and payable on 28 April 2020
Salient Features
Extracted from the unaudited group interim financial results for the six months ended
31 December 2019.
Unaudited Unaudited
6 Months 6 Months
31 Dec 2019 31 Dec 2018
R R
Revenue 42 297 937 53 630 736
Operating Profit 1 416 570 565 969
Earnings per share 3,90 1,34
Headline earnings per share 3,90 1,34
Dividend per ordinary share (cents) 1,50 1,00
Dividend
Notice is hereby given that a gross interim cash dividend (Number 47) of 1,50 cents per
share has been declared and is payable to all shareholders recorded in the share
register of the Company at the close of business on Friday, 24 April 2020.
The dividend will be subject to the Dividends Tax that was introduced with effect from
1 April 2012. In accordance with the provisions of the Listings Requirements of the
Johannesburg Stock Exchange, the following additional information is disclosed:
• the dividend has been declared out of retained earnings;
• the local Dividends Tax rate is 20%;
• the gross local dividend is 1,50 cents per share for shareholders exempt from
Dividends Tax;
• the net local dividend is 1,20 cents per share for shareholders liable for Dividends
Tax;
• the Company has 42 000 000 ordinary shares in issue;
• the Company’s income tax reference number is 9683/978/14/3.
The following dates are applicable to the dividend: The last day to trade in order to be
eligible for the dividend will be Tuesday, 21 April 2020. Shares will trade ex-dividend from
Wednesday, 22 April 2020. The record date will be Friday, 24 April 2020 and payment will
be made on Tuesday, 28 April 2020.
Share certificates may not be dematerialised / re-materialised between Wednesday, 22
April 2020 and Friday, 24 April 2020, both days inclusive.
Going Concern
Whilst the effect of COVID-19 on the South African and world economic environment
cannot yet be determined, the Board of Directors are of the opinion that, having regard
to the current status and the future strategy of the Group, the Group has sufficient
resources to continue as a going concern for the immediate future.
Subsequent Events
The Board supports the actions taken by the South African Government with regard to
the COVID-19 pandemic. Our objective during this time is to support our customers whilst
safeguarding our employees. ICT and infrastructure support services are classified as
essential business services and whilst no new installations will take place during the
lockdown period, our customer support and sales staff will continue to work remotely,
whilst our Solution Deployment Catalysts are able to attend to any equipment issues.
Changes to the Board
Subsequent to the period end, Dr David Bate was appointed to the Board in the
capacity of Independent Non-executive director. Dr Bate has over 25 years of
experience making an impact as an investment banker, entrepreneur and educator and
is the founder of an investment banking firm that specializes in Africa, the Middle East
and Asia across M&A, privatizations, PPP’s, debt finance and private equity.
Short-Form Announcement
The short-form announcement is the responsibility of the board of directors of TeleMasters
and is only an extract of the information contained in the Unaudited Condensed
Consolidated Financial Statements for the Six Months Ended 31 December 2019. This
announcement does not contain full or complete details of the financial results. Any
investment decisions by investors and/or shareholders should be based on consideration
of the full announcement which stakeholders are encouraged to review. The full
announcement is available on the Company’s website (www.telemasters.co.za) and on
the JSE Website:
https://senspdf.jse.co.za/documents/2020/jse/isse/TLM/TLMHY20.pdf
Copies of the full announcement may be requested from the Company
(michaelv@catalytic.co.za) or inspected at the registered office and/or the Designated
Advisors’ office, at no charge, during office hours.
Pretoria
31 March 2020
Designated Advisor
Arbor Capital Sponsors
Date: 31-03-2020 04:59:00
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 
