REINET INVESTMENTS S.C.A - Consolidated audited financial results for the year ended 31 March 2021 and proposed dividend

Consolidated audited financial results for the year ended 31 March 2021 and proposed dividend

Reinet Investments S.C.A. 
(Incorporated in Luxembourg)
ISIN: LU0383812293
Legal Entity Identifier : 222100830RQTFVV22S80
Code: RNI
('the Company')

CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2021 AND PROPOSED DIVIDEND

The Board of Reinet Investments Manager S.A. announces the results of Reinet Investments S.C.A. for the year ended 31 March 2021.



Key financial data
•  Reinet's net asset value of EUR 5.4 billion reflects a compound growth of 9.7 per cent per annum in euro terms, since March 2009, including dividends paid

•  The net asset value at 31 March 2021 reflects an increase of EUR 981 million or 22.3 per cent from EUR 4 403 million at 31  March 2020

•  Net asset value per share at 31 March 2021: EUR 29.21 (31 March 2020: EUR 23.89)

•  Commitments totalling EUR 187 million in respect of new and existing investments were made during the year, and a total of EUR 404 million funded during the year, including EUR 330 million in respect of Pension Insurance Corporation Group Limited 

•  Following the additional investment, Pension Insurance Corporation Group Limited is the largest value asset as at 31 March 2021

•  Dividends from British American Tobacco during the year amounted to EUR 132 million

•  Reinet dividend of some EUR 35 million, or EUR 0.19 per share (excluding treasury shares held), paid during the year

•  Proposed Reinet dividend of EUR 0.25 per share payable after the 2021 annual general meeting, increase of 31.6% over prior year

This short form announcement is published under the responsibility of the Board of Reinet Investments Manager S.A. and is a summary of the information in the detailed management statement for the year ended 31 March 2021 available on https://senspdf.jse.co.za/documents/2021/JSE/ISSE/RNIE/RMS31Mar.pdf and on the Company's website www.reinet.com/investor-relations/company-announcements.html. This announcement does not contain full details and should not be used as a basis for any investment decision in relation to the Company's shares. The full announcement is available for inspection, at no charge, at the Company's registered office (35, boulevard Prince Henri, L-1724 Luxembourg) and the office of the sponsor during standard office hours. 

The financial data disclosed above relates to Reinet Investments S.C.A. and/or its shares:

JSE share code: RNI          ISIN: LU0383812293

Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Cnr Fredman Drive and Rivonia Road, Sandton, 2196
Telephone: (011) 282 4613 Telefax: (011) 282 4184
25 May 2021

The Company is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S. ('Reinet Fund'), a specialised investment fund also incorporated in Luxembourg. The Company's ordinary shares are listed on the Luxembourg Stock Exchange, Euronext Amsterdam and the Johannesburg Stock Exchange, the listing on the Johannesburg Stock Exchange is a secondary listing. The Company's ordinary shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg Stock Exchange. The Company and Reinet Fund together with Reinet Fund's subsidiaries are referred to as 'Reinet'.

Reinet Investments S.C.A.
R.C.S. Luxembourg B 16.576
Registered office: 35, Blvd Prince Henri, L-1724 Luxembourg, Telephone + 352 22 42 10, Telefax +352 22 72 53
Email: info@reinet.com, website: www.reinet.com


Date: 25-05-2021 07:30:00
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