Wrap Text
Reviewed Provisional Condensed Consolidated Financial Statements - Year Ended 30 June 2022 & Dividend Declaration
TELEMASTERS HOLDINGS LIMITED
(Registration Number: 2006/015734/06)
JSE Code: TLM ISIN: ZAE 000093324
(“TeleMasters” or “the Company”)
SHORT-FORM ANNOUNCEMENT:
REVIEWED PROVISIONAL CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED
30 JUNE 2022 AND DIVIDEND DECLARATION
TeleMasters is a diversified technology investment company. Entities within the Group are complementary
towards each other with a key focus on enhancing digital transformation, empowering next generation
interconnectivity and accelerating smart working environments. The Group’s vision is to create and
accelerate shareholder value through responsible growth, acquisitions and investments.
The Group consists of the following portfolio of companies:
Catalytic Connections (Pty) Limited is a diversified ICT managed solutions provider to medium and small
businesses in South Africa focused on connectivity, communications, cloud and security solutions.
Contineo Virtual Communications (Pty) Limited provides unified communications solutions to a wide range
of clients.
PerfectWorx Consulting (Pty) Limited provides professional services to a wide range of operators entering
or active in the next generation network environment.
Ultra DataCentre (Pty) Limited owns and operates a highly secure data centre and provides related
services to clients thereof.
RESULTS SUMMARY
• Revenue decreased by 14.5% compared to the prior year
• Gross profit margin improved to 54.4% from 49.3% in the prior year
• Cash and cash equivalents reduced due to further investment in equipment
• Operating expenses reduced by 14.4% compared the prior year
• EBITDA of R7 million achieved compared to R4,4 million in the prior year
• Loss per share reduced from 7.82 cents in the prior year to 3.67 cents
• A 3.1 cents per share dividend was declared during the year (6.4 cents per share in the prior year)
Salient Features
Extracted from the audited condensed consolidated financial statements for the year ended 30 June 2022
and dividend declaration
30 June 2022 30 June 2021 Percentage
Reviewed Audited Change
R R %
Revenue 65,001,950 76,012,774 (14.5%)
Operating Loss (526,779) (4,541,167) 88.4%
Loss per share (cents) (3.67) (7.82) 53.5%
Headline loss per share (cents) (3.75) (7.82) 52.3%
Dividend paid per ordinary share
3.1 6.4 (51.5%)
(cents)
Dividend Declaration
Notice is hereby given that a gross interim cash dividend (Number 57) of 0.5 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, 21 October 2022.
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 0.5 cents per share for shareholders exempt from Dividends Tax;
• The net local dividend is 0.4 cents per share for shareholders liable for Dividends Tax;
• The Company has 55 759 670 ordinary shares in issue; and
• 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 to be eligible for the dividend will
be Tuesday, 18 October 2022. Shares will trade ex-dividend from Wednesday, 19 October 2022. The record
date will be Friday, 21 October 2022 and payment of the dividend will be made on Monday, 24
October 2022.
Share certificates may not be dematerialised / re-materialised between Wednesday, 19 October 2022 and
Friday, 21 October 2022, both days inclusive. The certificated register will be closed during these dates.
Dividends in respect of certificated shareholders will be transferred electronically to shareholders' bank
accounts on payment date. Following the discontinuation of cheque payments from January 2022, all
payments will only be made into a nominated bank account by electronic funds transfer. Shareholders
who have not yet provided their bank account details to JSE Investor Services Proprietary Limited (“JIS”)
are reminded to contact JIS on 086 154 6572 with their bank account details into which the dividends can
be paid electronically.
Review Opinion
The provisional consolidated annual financial results were reviewed by Nexia SAB&T who expressed an
unmodified review conclusion. The auditor’s review conclusion is available for inspection at the Company’s
registered office.
Changes to the Board of Directors
Mrs Talana Smith was appointed on 2 November 2021 as an independent non-executive director and chair
of the Audit and Risk Committee.
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 reviewed provisional condensed consolidated financial
statements for the year ended 30 June 2022.
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/2022/jse/isse/TLM/TLMFY22.pdf
Copies of the full announcement may be requested from the Company (cfo@masters.co.za) or inspected
at the registered office and/or the Designated Advisors’ office, at no charge, during office hours.
JOHANNESBURG
30 September 2022
Directors: DJ Bate*#, MB Pretorius*, WF Steinberg*#, M Tappan*#, T Smith *#, J Voigt,
JL Roos
(* non-executive # independent)
Registered address: Ground Floor, Building 2, ATT House, Maxwell Office Park, Magwa Crescent West,
Waterfall City, 2090
(PO Box 68255 Highveld Park 0169)
Company secretary: S Ramirez-Victor
Auditors: Nexia SAB&T, 119 Witch-Hazel Avenue, Highveld Techno Park, Centurion
Transfer secretaries: JSE Investor Services Proprietary Limited, 13th Floor, 19 Ameshoff Street,
Braamfontein, 2017
Designated Advisor: AcaciaCap Advisors (Pty) Limited, 20 Stirrup Lane, Woodmead Office Park,
Woodmead
Website: www.telemasters.co.za
Designated Advisor
AcaciaCap Advisors (Pty) Limited
Date: 30-09-2022 01:00:00
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