AFRICAN MEDIA ENTERTAINMENT LIMITED - Reviewed Results for the year ended 31 March 2023

Reviewed Results for the year ended 31 March 2023

African Media Entertainment Limited
Registration number 1926/008797/06     
JSE code: AME     ISIN: ZAE 000055802


REVIEWED RESULTS
for the year ended 31 March 2023

African Media Entertainment Limited, a broadcast company listed in the Media and Entertainment sector of the 
Johannesburg Stock Exchange, with a radio footprint across central South Africa and the Eastern Cape, has 
pleasure in releasing its results for the year ended 31 March 2023.

Revenue                                                   UP            7% at  R268.7 million
Operating profit                                          UP           16% to  R46.2 million
Net profit before tax                                     UP           23% to  R56.3 million
Profit attributable to equity holders                     UP           25% to  R36.6 million
Headline earnings                                         UP           25% to  R36.5 million
EPS                                                       UP           30% to  485.5 cents
HEPS                                                      UP           30% to  484.5 cents
Dividend                                                    350 cents gross  (Prior year: 280 cents (gross))

Group revenue increased by 7% from R250,8 million in 2022 to R268,7 million. In line with the increase 
in revenue, profitability improved resulting in an operating profit of R46,2 million compared to a prior 
year of R39,8 million.
The earnings per share for the year increased from 372,2 cents in 2022 to 485.5 cents as a result of the 
improved performance in 2023.

This short- form announcement is the responsibility of the directors and is only a summary of the information
in the full announcement. The full announcement was released on SENS on 2 June 2023, and can be found on the 
company's website at www.ame.co.za. Copies of the full announcement may also be requested at the company's 
registered office, at no charge, during office hours. Any investment decision should be based on the full 
announcement published on SENS and on the company's website.

https://senspdf.jse.co.za/documents/2023/JSE/ISSE/AME/AMEAR2023.pdf

Declaration of final dividend no 20
The board has declared a final dividend (dividend no 20) of 250 cents per ordinary share (gross) for the 
year ended 31 March 2023.
The dividend is subject to the Dividends Withholding Tax ("DWT") that was introduced with effect from 
1 April 2012.
In accordance with the provisions of the JSE Listings Requirements the following additional information 
is disclosed.
- the dividend has been declared out of distributable retained earnings;
- the local Dividend Tax rate is 20%;
- the gross dividend amount is 250 cents per ordinary share for shareholders exempt from DWT;
- the net dividend amount is 200 cents per ordinary share for shareholders liable for DWT;
- the company has 7 142 177 ordinary shares in issue ; and
- the company's income tax reference number is 9100/169/71/4.

The following dates are applicable to the dividend:
Last date to trade in order to be eligible for the dividend: Tuesday, 4 July 2023
Date trading commences ex-dividend: Wednesday, 5 July 2023
Record date: Friday, 7 July 2023
Date of payment to shareholders: Monday, 10 July 2023
Share certificates may not be dematerialised/rematerialised between Wednesday, 5 July 2023 and Friday,
7 July 2023, both days inclusive.

The preliminary condensed consolidated financial statements for the year ended 31 March 2023 have been 
reviewed by the group's external auditors, BDO South Africa Incorporated who expressed an unmodified 
review conclusion. A copy of the auditors' review report is available for inspection at the company's 
registered office together with the financial statements identified in the auditors' report and can also 
be reviewed on the following web-link: https://www.ame.co.za. The auditors' report does not necessarily 
report on all of the information contained in these financial results. Shareholders are therefore advised 
that in order to obtain a full understanding of the nature of the auditors' engagement, they should obtain 
a copy of the auditors' report together with the accompanying financial information from the issuer's 
registered office.

By order of the board

ACG MOLUSI                                             AJ Isbister
Independent Non-executive Chairman                     Financial director

2 June 2023

Directors                              
Independent non-executive directors:   
ACG Molusi (Chairman)                  
DS Qocha                               
J Edwards                              
MA Da Costa                            
MJ Prinsloo
KW Thipe                               
RCH Fedder
SN Ngobese                             
                                       
Executive directors:
AJ Isbister (Financial director)       
DM Tiltmann (Chief Executive)          

Company secretary                      
C Roberts                              

Registered office
AME Office Park
No. 5, 8th Street
Houghton Estate
Johannesburg, 2198
(P.O. Box 3014, Houghton, 2041)

Sponsor
AcaciaCap Advisors (Pty) Ltd

Transfer secretary
Computershare Investor Services (Pty) Limited

Auditors
BDO South Africa Incorporated

www.ame.co.za
Date: 02-06-2023 07:05:00
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