ZEDER INVESTMENTS LIMITED - Trading Statement, Reviewed Results Presentation And Broad-Based Black Economic Empowerment Act: Annual Compliance

Trading Statement, Reviewed Results Presentation And Broad-Based Black Economic Empowerment Act: Annual Compliance

ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/019240/06)
Share code: ZED
ISIN: ZAE000088431
LEI: 37890022AF5FD117D649
(“Zeder”)


TRADING STATEMENT, REVIEWED RESULTS PRESENTATION AND BROAD-BASED
BLACK ECONOMIC EMPOWERMENT ACT: ANNUAL COMPLIANCE REPORT


1.   TRADING STATEMENT

     Zeder’s objective remains to maximise long-term wealth for its shareholders through
     capital appreciation, investment income or both, and, accordingly, the key benchmark
     used by Zeder to measure performance is its sum-of-the-parts (“SOTP”) value per share.

     Zeder, an investment entity in terms of International Financial Reporting Standards, is
     obliged in terms of the JSE Limited (“JSE”) Listings Requirements, to publish a trading
     statement should there be a reasonable degree of certainty that its net asset value per
     share ("NAVPS") as at 28 February 2023 will differ by at least 20% from that at its
     previous corresponding year-end.

     Zeder accordingly hereby advises that a reasonable degree of certainty exists that its
     NAVPS as at 28 February 2023 will be between R2.56 per share and R2.62 per share,
     being between 43.8% (or R2.04 per share) and 45.1% (or R2.10 per share) lower than
     the R4.66 per share reported as at 28 February 2022. The reduction in NAVPS is as a
     result of the R1.03 per share unbundling by Zeder of its entire shareholding in KAL Group
     Limited (previously known as Kaap Agri Limited) and the payment of special dividends
     amounting in aggregate to R1.03 per share to Zeder shareholders during the financial
     year ended 28 February 2023. These corporate actions resulted in an amount of R2.06
     per share returned to Zeder shareholders and therefore directly result in a smaller Zeder
     business.

     The information contained in this announcement has not been reviewed or reported on
     by the external auditor of Zeder.

2.   REVIEWED RESULTS PRESENTATION

     Shareholders are advised that Zeder’s reviewed financial results for the year ended
     28 February 2023 will be released on Wednesday, 19 April 2023. Shareholders are
     invited to the results presentation, to be broadcast thereafter on YouTube at 10:00 a.m.
     on Wednesday, 19 April 2023.

     Presentation details:
     -   view and listen mode
     -   link: https://youtube.com/live/k0hG-KYAfik?feature=share;
     -   presentation slides will be made available on Zeder’s website after the live broadcast
         of the presentation;
     -   questions may be e-mailed prior to and during the presentation to:
         cosec@zeder.co.za.

3.   BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT (“THE ACT”): ANNUAL
     COMPLIANCE REPORT

     In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Listings
     Requirements, notice is hereby given that the Company’s annual compliance report in
     terms of section 13G(2) of the Act has been published and is, together with the Company
     latest broad-based black economic empowerment certificate, available on the Company’s
     website        at     https://www.zeder.co.za/Zeder%20Investments%20Limited%20B-
     BBEE%20certificate%20%E2%80%93%20November%202022.pdf

Stellenbosch
11 April 2023

Sponsor                              Independent Joint Sponsor
PSG Capital                               Tamela Holdings 

Date: 11-04-2023 04:20:00
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