Wrap Text
Financial results for year end and dividend declaration
London Finance & Investment Group PLC
(Incorporated in England with registered number
201151)
LSE code: LFI
JSE code: LNF London Finance & Investment Group PLC
ISIN: GB0002994001
(“London Finance” or “the Company”)
Summarised Audited Results for the year ended 30 June 2022 and Dividend Declaration
Introduction to the Company
London Finance and Investment Group PLC. (LSE: LFI, JSE: LNF), the investment company whose
assets primarily consist of Strategic Investments and a General Portfolio, today announces its audited
financial results for the year ended 30 June 2022 and the Board’s Dividend Declaration.
Highlights
Results
• Net assets have decreased to 54.8p per share (2021 – 60.5p per share)
• The sale of 4,200,000 shares in Finsbury Food Group Plc for £3,445,000 has led to
decrease in value of the Strategic Investments, from £8,202,000 to £3,957,000.
• Strategic investments had a yield of 0% (2021 –0%)
• The value of the General Portfolio has increased, including investment purchases and
sales, over the year, by 16.3% from £12,081,000 to £14,055,000
• The fair value of the General Portfolio investments over the period has decreased by
£508,000
• No significant increase in Group operating costs
• A final dividend of 0.60p per share is recommended, making a total of 1.15p per share for
the year (2021 – 1.15p)
• Basic and headline earnings /(losses) per share (1.4) p (2021 – profit of 4.8p)
Dividend
In respect of the normal gross cash dividend, and in terms of the South African Tax Act, the following
dividend tax ruling only applies to those shareholders who are registered on the South African register
on Friday, 9 December 2022.
• The number of shares in issue as at the dividend declaration date is 31,207,479;
• The dividend has been declared from income reserves. Funds are sourced from the Company’s
main bank account in London and is regarded as a foreign dividend by South African
shareholders; and
• The Company’s UK Income Tax reference number is 948/L32120.
Dividend dates:
Last date to trade (SA) Tuesday, 6 December 2022
Shares trade ex-dividend (SA) Wednesday, 7 December 2022
Shares trade ex-dividend (UK) Thursday, 8 December 2022
Record date (UK and SA) Friday, 9 December 2022
Pay date Wednesday, 21 December 2022
The JSE Listings Requirements require disclosure of additional information in relation to any dividend
payments.
Shareholders registered on the South African register are advised that a dividend withholding tax will
be withheld from the gross final dividend amount of ZAR 11.89206 cents per share at a rate of 20%
unless a shareholder qualifies for an exemption; shareholders registered on the South African register
who do not qualify for an exemption will therefore receive a net dividend of ZAR 9.51365 cents per
share. The dividend withholding tax and the information contained in this paragraph is only of direct
application to shareholders registered on the South African register, who should direct any questions
about the application of the dividend withholding tax to Computershare Investor Services (Pty) Limited,
Tel: +27 11 370 5000.
Share certificates may not be de-materialised or re-materialised between Wednesday 7 December 2022
and Friday, 9 December 2022, both days inclusive. Shares may not be transferred between the
registers in London and South Africa during this period either.
Full Announcement
This short-form announcement is the responsibility of the Directors of the Company and is a summary of the
information in the full announcement and does not contain full or complete details of the full announcement,
which is available for viewing on the following website:
JSE website: https://senspdf.jse.co.za/documents/2022/jse/isse/lojm/fy2022.pdf
Any investment decision by investors and/or shareholders should be based on consideration of the
information contained in the full financial results announcement and annual financial statements, copies
of which are also available for inspection at the Company’s offices on workdays during business hours
(at no charge) or on request from the company secretary by e-mail: rod.venables@city-group.com
On behalf of the Board
United Kingdom
30 September 2022
JSE Sponsor to London Finance
Questco Corporate Advisory Proprietary Limited
Date: 30-09-2022 04:30:00
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 
