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ZARCLEAR HOLDINGS LIMITED - Reviewed condensed consolidated results for the twelve months ended 31 March 2020

Release Date: 12/06/2020 17:45
Code(s): ZCL     PDF:  
Wrap Text
Reviewed condensed consolidated results for the twelve months ended 31 March 2020

ZACLEAR HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/013674/06)
Share code: ZCL ISIN: ZAE000249645
("Zarclear" or "the Group" or "the Company")


SHORT-FORM ANNOUNCEMENT: REVIEWED CONDENSED CONSOLIDATED RESULTS FOR THE 12 MONTHS ENDED 31 MARCH 2020


HIGHLIGHTS
   -  NAV of 562 cents per share (31 March 2019: 537 cents)
   -  Operating profit from earnings focused segment (market infrastructure and regulation-technology investments)
      R9.6 million (31 March 2019: R5.1 million)
   -  Acquisition of 24% of African Phoenix Investments Limited
   -  Acquisition of 5.5% of Equity Express Securities Exchange Proprietary Limited
   -  Change in financial year from 31 March to 30 June

FINANCIAL RESULTS
                                                                                       Reviewed           Audited
                                                                                          as at             as at
                                                                                  31 March 2020     31 March 2019
                                                                                          R'000             R'000
Net asset value per share (cents)                                                           562               537
Fee income                                                                               39 488             8 153
(Losses)/income from portfolio investments                                            (119 441)           133 926
Total comprehensive income for the period                                                58 214           112 356
Basic, diluted and headline (loss)/earnings                                            (97 160)            26 930
Weighted average ordinary shares in issue                                           226 065 696       226 065 696
Basic, diluted and headline (loss)/earnings per share (cents)                           (42.98)             11.91
Dividend per share                                                                            -                 -

This short-form announcement is the responsibility of the board of directors of Zarclear. This announcement is a
summary of the information in the full announcement released on SENS, available on the JSE website at
https://senspdf.jse.co.za/documents/2020/jse/isse/ZCLE/interim20.pdf and published on the Company's website 
(www.zarclear.com) on 12 June  2020, has been reviewed by the Company's auditors but does not contain full or 
complete details. Any investment decision by investors and/or shareholders should be based on consideration of 
the full announcement. Copies of the full announcement may be requested by emailing the company at louiseb@zarclear.com.

Paul Baloyi                            Warren Chapman             Andrew Hannington
Non-executive Chairman                 (CEO)                      (CFO)
     
12 June 2020


Directors: 
Paul Baloyi* (Chairman); Warren Chapman (CEO); Andrew Hannington (CFO); 
Fatima Vawda*; Amanda Munro-Smith; Kgosie Matthews*                  
(*Independent non-executive)

Registered office: 
9th Floor, Katherine Towers, 1 Park Lane,  
Wierda Valley, Sandton, 2196 
(PO Box 55312, Northlands, 2116),
Telephone: +27 11 722 7516                                    
                                                                           
Company Secretary: 
CIS Company Secretaries Proprietary Limited, 
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196, 
(PO Box 61051, Marshalltown, 2107)

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

Sponsor: 
Java Capital: 6A Sandown Valley Crescent, Sandton, 2196 
(PO Box 522606, Saxonwold, 2132)


Date: 12-06-2020 05:45:00
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