NVEST FINANCIAL HOLDINGS LIMITED - Short Form Sens Announcement:Audited Consolidated Results for year ended 29 Feb2020 & Dividend Declaration No 11

Short Form Sens Announcement:Audited Consolidated Results for year ended 29 Feb2020 & Dividend Declaration No 11

NVEST FINANCIAL HOLDINGS LIMITED AND ITS SUBSIDIARIES
(Incorporated in the Republic of South Africa)
(Registration number 2008/015990/06)
(“NVest” or “the Company” or “the Group”)
ISIN Code: ZAE000199865 JSE Code: NVE

SHORT FORM SENS ANNOUNCEMENT

AUDITED CONSOLIDATED RESULTS FOR THE YEAR ENDED 29 FEBRUARY 2020 AND DIVIDEND
DECLARATION NUMBER 11

Salient Features
Extracted from the reviewed provisional condensed consolidated financial statements:

                                          29 February 2020    28 February 2019        Percentage
 Revenue                                       310 185 831         306 336 355           1.26%
 Operating Profit                               89 419 417          92 297 837           3.12%
 Headline earnings per share                   21.30 cents         21.78 cents           2.20%
 Earnings per share                            21.62 cents         21.05 cents           2.71%
 Dividend                                      11.75 cents         11.75 cents              -
 Net Asset Value Per Share                    159.60 cents        149.07 cents           7.06%

Short-Form Announcement
The short-form announcement is the responsibility of the directors and is only a summary of
information set out in the full announcement which is available on the company’s website
(www.nvestholdings.co.za). This announcement does not contain full or complete details and
any investment decisions by investors and/or shareholders should be based on consideration
of the published SENS available on:

https://senspdf.jse.co.za/documents/2020/JSE/ISSE/NVE/NVEAR20.pdf

DIVIDEND DECLARATION

The Board has declared a final gross dividend (Number 11) of 6.5 cents per share for the year
ended 29 February 2020. The dividend is declared out of income reserves. The dividend will be
subject to a dividend withholding tax rate of 20% or 1.3 cents per ordinary share. Shareholders,
unless exempt or qualifying for a reduced withholding tax rate, will receive a net dividend of
5.2 cents per share. NVest’s tax reference number is 9053981180. The number of ordinary shares in
issue at the declaration date is 303,241,722.

The salient dates for the dividend will be as follows:

                                                                                       2020
 Last date to trade “cum’ dividend                                           Monday 15 June
 Shares commence trading ‘ex’ dividend                                    Wednesday 17 June
 Record date (date shareholders recorded in share register)                  Friday 19 June
 Payment date                                                                Monday 22 June

Shareholders may not dematerialise or rematerialise their share certificates between Wednesday,
17 June 2020 and Friday, 19 June 2020 both dates inclusive.

Copies of the full announcement may be requested from the Company (Brendan Connellan,
brendanc@nvestholdings.co.za) or inspected at the registered office and/or the Designated
Advisors’ office, at no charge, during office hours.

Johannesburg
29 May 2020

Designated Advisor
Arbor Capital Sponsors 

Date: 29-05-2020 07:10:00
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