DENEB INVESTMENTS LIMITED - Interim Results Announcements For The Six Months Ended 30 September 2020 And Distribution Declaration

Interim Results Announcements For The Six Months Ended 30 September 2020 And Distribution Declaration

DENEB INVESTMENTS LIMITED
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB
ISIN: ZAE000197398
(“Deneb” or the “Company”)



INTERIM RESULTS ANNOUNCEMENTS FOR THE SIX MONTHS ENDED
30 SEPTEMBER 2020 AND DISTRIBUTION DECLARATION



1.   SALIENT FEATURES

     Revenue decreased by 35% to R1 064 million, from R1 644 million in the prior
     corresponding period.

     Headline earnings per share increased by 4 cents to breakeven, from a loss of 4 cents
     per share in the prior corresponding period.

     Earnings per share increased by 5 cents to 1 cent per share, from a loss of 4 cents per
     share in the prior corresponding period.

     Distribution per share is 4 cents per share. Prior period: Nil.

     Net asset value per share decreased by 7% to 337 cents per share, from 363 cents per
     share in the prior corresponding period.

2.   DISTRIBUTION DECLARATION

     The directors resolved to approve and declare a final distribution of 4 cents (2019: Nil
     cents) per share out of stated capital through the reduction of contributed tax capital for
     the 6-month period ended 30 September 2020. The number of ordinary shares in issue
     at the declaration date is 435,181,373 and the income tax number of the Company is
     9844426156.

     The salient dates of the distribution are:

     Distribution declared Thursday, 19 November 2020
     Last day to trade cum distribution Tuesday, 12 January 2021
     Shares trade ex-distribution Wednesday, 13 January 2021
     Record date Friday, 15 January 2021
     Payment date: Monday, 18 January 2021

     Share certificates may not be dematerialised or rematerialised between Wednesday,
     13 January 2021 and Friday, 15 January 2021, both days inclusive.

3.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of the Company. It
     contains only a summary of the information in the full announcement (“Full
     Announcement”) and does not contain full or complete details. The Full Announcement
     can be found at:
     https://senspdf.jse.co.za/documents/2020/JSE/ISSE/DNBE/dnbSep20.pdf

     Copies of the Full Announcement is also available for viewing on the Company’s website
     at https://deneb.co.za/images/deneb-results-september-2020.pdf or may be requested in
     person, at the Company’s registered office or the office of the sponsor, at no charge,
     during office hours.

     Any investment decisions by investors and/or shareholders should be based on
     consideration of the Full Announcement, as a whole.

     These interim results have not been reviewed or audited by the Company’s auditors.


19 November 2020

PSG Capital

Date: 19-11-2020 09:00:00
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