NVEST FINANCIAL HOLDINGS LIMITED - Unaudited Interim Results for the Six Months Ended 31 August 2020 and Interim Dividend Declaration (Number 12)

Unaudited Interim Results for the Six Months Ended 31 August 2020 and Interim Dividend Declaration (Number 12)

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

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2020 AND INTERIM DIVIDEND
DECLARATION (NUMBER 12)


Salient Features
Extracted from the interim condensed consolidated financial statements:

                                                     Unaudited         Unaudited
                                                     31 August         31 August        Percentage
                                                          2020              2019            change
 Revenue                                           144,360,015       141,872,830              1.75%
 Operating Profit                                   29,740,454        42,599,475            (30.19%)
 Headline earnings per share (cents)                     13.51             10.18             32.71%
 Earnings per share (cents)                               9.28             10.18            (8.84%)
 Dividend (cents per share)                               5.50              5.25             4.76%
 Net Asset Value per share (cents)                      162.38            153.00             6.13%

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/NVEIR20.pdf

DIVIDEND DECLARATION

The Board has declared an interim dividend (Number 12) of 5.50 cents per share, which amounts
to 40.7% of headline earnings. The dividend is declared out of income reserves of the Group. The
dividend will be subject to a dividend withholding tax rate of 20% or 1.10 cents per ordinary share.
Shareholders, unless exempt or qualifying for a reduced withholding tax rate, will receive a net
dividend of 4.40 cents per share. NVest’s tax reference number is 9053981180.

The number of ordinary shares which will be eligible for the dividend 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                                          Tuesday, 1 December
 Shares commence trading ”ex” dividend                                    Wednesday, 2 December
 Record date (date shareholders recorded in share register)                  Friday, 4 December
 Payment date                                                                Monday, 7 December

Shareholders may not dematerialise or rematerialise their share certificates between Wednesday,
2 December 2020 and Friday, 4 December 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
23 November 2020

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 23-11-2020 04:16:00
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