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Short form announcement: Results for the year ended 30 June 2023 and dividend declaration
MUSTEK LIMITED
Incorporated in the Republic of South Africa
Registration number: 1987/070161/06
JSE share code: MST
ISIN: ZAE000012373
("Mustek" or "the Group")
SHORT FORM ANNOUNCEMENT: RESULTS FOR THE YEAR ENDED 30 JUNE 2023 AND DIVIDEND DECLARATION
SALIENT FEATURES:
- Revenue R10,13 billion, up 13,7% (2022: R8,91 billion)
- Gross profit % decreased to 13,9% (2022: 14,3%)
- Headline earnings per share 375,18 cents, up 5,0% (2022: 357,38 cents)
- Basic earnings per share 377,05 cents, up 7,4% (2022: 350,96 cents)
- Dividend per share 77 cents, up 1.3% (2022: 76 cents)
- Net asset value per share 2 724,36 cents, up 13,8% (2022: 2 395,02 cents)
The information has been extracted from the audited results for the year ended 30 June 2023. This announcement
itself has not been audited or reviewed.
This short-form announcement is the responsibility of the directors. The Group's external auditors, BDO South Africa Inc.,
expressed an unmodified audit opinion on the consolidated and separate financial statements in their report dated 19 September 2023.
That report also includes the communication of key audit matters.
This announcement is only a summary of the information contained in the consolidated and separate financial statements and does
not contain full or complete details.
Any investment decision should be based on the consolidated and separate financial statements, which can be accessed from Tuesday, 19 September 2023,
using the following JSE cloud link:https://senspdf.jse.co.za/documents/2023/jse/isse/MST/FY23AFS.pdf
The independent auditors report and the consolidated and separate audited financial statements as well as summarised group results
are available on the Mustek website at https://mustek.co.za/financial/
The independent auditors report, the consolidated and separate audited financial statements and summarised group
results are available for inspection at Mustek's registered office on weekdays from 09:00 to 16:00, and copies
thereof may be requested free of charge at ltd@mustek.co.za
DIVIDEND DECLARATION
Notice is hereby given that a final dividend of 77 cents per ordinary share for the year ended 30 June 2023 is declared,
payable to shareholders recorded in the books of the company at the close of business on the record date appearing
below. This dividend is declared out of income reserves. The company's income tax reference number is 9550081716 and
the company has 57 540 000 ordinary shares in issue and ranking for dividend at the date of this declaration.
The South African dividend tax rate is 20% resulting in a net dividend of 61,60 cents per share to shareholders who are
not tax exempt.
The salient dates applicable to the final dividend are as follows:
Dividend declaration date Tuesday, 19 September 2023
Last day of trade cum dividend Tuesday, 10 October 2023
First day to trade ex dividend Wednesday, 11 October 2023
Record date Friday, 13 October 2023
Payment date Monday, 16 October 2023
No share certificates may be dematerialised or rematerialised between Wednesday, 11 October 2023 and
Friday, 13 October 2023, both days inclusive.
For and on behalf of the board of directors
Hein Engelbrecht CA(SA)
Group Chief Executive Officer
Shabana Aboo Baker Ebrahim CA(SA)
Group Financial Director
19 September 2023
Midrand
Corporate information:
Company secretary:
Sirkien van Schalkwyk
Block B, Office 107, Elarduspark Shopping Centre, 837 Barnard Street, Elarduspark, 0181
PO Box 4896, Rietvalleirand, 0174
Telephone: +27 (0) 12 751 6000
Transfer secretaries:
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196. Private Bag X9000, Saxonwold, 2132, South Africa
Telephone: +27 (0) 11 370-5000
Registered office:
322 15th Road, Randjespark, Midrand, 1685
Postal address:
PO Box 1638, Parklands, 2121
Contact numbers:
Telephone: +27 (0) 11 237-1000
Facsimile: +27 (0) 11 314-5039
Email: ltd@mustek.co.za
Sponsor:
Deloitte & Touche Sponsor Services Proprietary Limited
www.mustek.co.za
Date: 19-09-2023 08:00:00
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