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Short Form Announcement - Reviewed Results for the Year Ended 31 August 2021 and Dividend Declaration
African Equity Empowerment Investments Limited
(Incorporated in the Republic of South Africa)
Registration number 1996/006093/06
Share code: AEE and ISIN: ZAE000195731
(“AEEI” or “the Group” or “the Company”)
SHORT FORM ANNOUNCEMENT - REVIEWED PROVISIONAL CONDENSED CONSOLIDATED
ANNUAL RESULTS FOR THE YEAR ENDED 31 AUGUST 2021
AND FINAL DIVIDEND DECLARATION
FINANCIAL HIGHLIGHTS
31 August 31 August %
2021 2020 Change
R’000 R‘000
Revenue 2 339 169 3 427 579 (31.75)
Net cash (utilised)/generated from (195 609) 199 642 (197.98)
operating activities
(Loss)/Profit before tax (180 849) 111 155 (262.70)
Earnings per share (cents) (26.48) 1.93 (1 472.70)
Headline earnings (124 652) 4 554 (2 837.21)
Headline earnings per share (cents) (25.39) 0.93 (2 829.71)
Normalised headline earnings* (36 569) 174 832 (120.92)
Normalised headline earnings per share (7.45) 35.61 (120.92)
(cents)
Net asset value per share (cents) 1 102.54 1 256.46 (12.25)
Total assets 6 449 826 7 211 679 (10.56)
Gross final dividend (cents) 10 20 (50.00)
Final gross dividend to shareholders 49 102 98 204 (50.00)
Total gross dividend to shareholders 40 30 33.33
(cents)
Total gross dividend to shareholders 196 408 147 307 33.33
*Normalised earnings were calculated as follows:
31 August 31 August
2021 2020
R’000 R’000
Headline earnings (124 652) 4 554
Fair value adjustments (57 277) 108 558
Deferred tax on fair value adjustments 12 830 (24 317)
Net impairments, impairment reversals and write-offs 132 531 86 037
Normalised headline earnings (36 569) 174 832
Shareholders are hereby advised that AEEI’s reviewed provisional condensed consolidated results for the
year ended 31 August 2021 are available on AEEI’s website at https://aeei.co.za/sens-announcement/ and
can be viewed at https://senspdf.jse.co.za/documents/2021/jse/isse/aee/SENSLF.pdf
DECLARATION OF FINAL ORDINARY DIVIDEND
R’000
Dividend declared after reporting date R49.1M
Gross Dividends per share (cents) 10
Notice is hereby given that a final gross dividend of 10 cents per share has been declared out of income
reserves in respect of ordinary shares of no-par value for the year ended 31 August 2021.
The final dividend amount, net of South African dividend tax of 20% which equates to 2 cents per share, is
therefore 8 cents per share for those shareholders that are not exempt from dividend tax.
The number of ordinary shares in issue at declaration date is 491 022 434 and the income tax number of the
Company is 9314001034.
The salient dates of this dividend distribution are:
Gross dividend (cents per share) 10
Dividend net of dividend withholding tax 8
Last day to trade cum dividend Tuesday, 28 December 2021
Trading ex-dividend commences Wednesday, 29 December 2021
Record date Friday, 31 December 2021
Date of payment Friday, 3 January 2022
Share certificates may not be dematerialised or rematerialized between Wednesday, 29 December 2021
and Friday, 31 December, both days inclusive.
STATEMENT OF COMPLIANCE AND BASIS OF PREPARATION
This short-form announcement contains only a summary of the information in the full announcement and
does not contain the full and complete details and is the responsibility of the directors.
The condensed consolidated financial statements were reviewed by Thawt Inc. and Crowe Jhb Inc. whose
unmodified review opinion has been issued on the reviewed provisional condensed consolidated financial
statements for the financial year ended 31 August 2021.
Please refer to the full announcement for additional information. The full announcement has been released
on SENS and is also available for viewing on AEEI’s website at https://aeei.co.za/sens-announcement/ or
may be requested from the company via damien@aeei.co.za or obtained in person, at no charge during
office hours, at the registered office of the company or can be obtained electronically from either of the joint
sponsors by sending an email to sponsorteam@merchantec.co.za or sponsor@vunanicapital.co.za during
business hours. Any investment decisions by investors and/or shareholders should be based on
consideration of the full announcement.
30 November 2021
DIRECTORATE AND STATUTORY INFORMATION
Directors
* Valentine Dzvova (chief executive officer); Aziza Amod (Non -executive chairman); *Jowayne Van Wyk
(chief financial officer); Gaamiem Colbie; Willem Raubenheimer; Bongikhaya Qama: Stephen Nthite
(appointed 26 August 2021); Membathisi Mdladlana (appointed 27 August 2021)
*Executive directors
Company Secretary: Damien Terblanche Email: damien@aeei.co.za
Business address: 1st Floor, Waterway House North, 3 Dock Road, Victoria and Alfred Waterfront,
Cape Town, Western Cape, 8001
Transfer secretaries: Link Market Services South Africa Proprietary Limited, Rennie House, 13th Floor,
19 Ameshoff Street, Braamfontein, 2001
Joint Auditors: Crowe JHB
3 Sandown Valley Crescent, Sandown, Johannesburg, 2196
Thawt Inc.
3 Monte Vista Blvd, Monte Vista, Cape Town, 7460
Joint Sponsors: Vunani Capital Proprietary Limited
Vunani House, Vunani Office Park, 151 Katherine Street, Sandown,
Johannesburg, 2196
Merchantec Capital
13th Floor, lllovo Point,68 Melville Road, lllovo, 2196
Date: 01-12-2021 07:40:00
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