SPANJAARD LIMITED - Audited Group Results for the Year Ended 29 February 2020

Audited Group Results for the Year Ended 29 February 2020

SPANJAARD LIMITED
(Incorporated in the Republic of South Africa)
REGISTRATION NUMBER: 1960/004393/06
SHARE CODE: SPA
ISIN: ZAE000006938
("Company" or "Group")

AUDITED GROUP RESULTS FOR THE YEAR ENDED 29 FEBRUARY 2020

INTRODUCTION
This short-form announcement is the responsibility of the Directors and is only a summary of the
information in the full announcement. The information in this announcement has been extracted from
audited information, but the announcement itself is not audited.

The full announcement was released on SENS on 7 July 2020, and can be found on the Company's
website at:

https://www.spanjaard.biz/financials/

and also at the following link:

https://senspdf.jse.co.za/documents/2020/JSE/ISSE/SPA/SPAAFS20.pdf

Certain key audit matters were raised in the unmodified audit opinion issued by the auditors on the
annual consolidated financial statements. The full auditors report can be viewed on the following
web-link:

https://www.spanjaard.biz/financials/

Any investment decisions should therefore be based on the full announcement released on SENS and on
the Company's website.

The full announcement is available for inspection at no charge during normal business hours on
business days at the registered office of the Company and the office of the Sponsor. Copies may be
requested from the registered office of the Company.

KEY FINANCIAL RESULTS SUMMARY

                                                       Year ended        Year ended       increase/
R'000                                                 29 Feb 2020       28 Feb 2019      (decrease)
Revenue                                                   123 731           126 244         (2 513)
Operating profit/(loss)                                     1 946             5 039         (3 093)
Headline earnings per share - cents per share                27,5              31,6           (4,1)
Earnings per share - cents per share                         26,1              30,7           (4,6)
Net asset value per share attributable to
ordinary shareholders - cents                               582,8             544,0           38,8
Dividends declared per share - cents
- interim                                                       -                 -              -
- final                                                         -                 -              -

By order of the Board

TN Spanjaard
Acting Chief Executive Officer

7 July 2020

DIRECTORS:
M Notrica (Independent Non-executive Chairman)*
TN Spanjaard (Acting Chief Executive Officer)
S Vassan Makan (Financial Director)
GF Cort
CKT Palmer
S Zikalala*
HF Kocks*

* Independent Non-executive Director

COMPANY SECRETARY:
Levitt Kirson Business Services Proprietary Limited
4th Floor, Aloe Grove, Houghton Estate Office Park,
2 Osborn Road, Houghton, 2198

REGISTERED OFFICE:
748 - 750 Fifth Street, Wynberg, Sandton, 2090

TRANSFER SECRETARIES:
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank,
Johannesburg, 2196

SPONSOR:
Arbor Capital Sponsors
20 Stirrup Lane, Woodmead Office Park,
Corner Woodmead Drive and Van Reenens Avenue,
Woodmead, 2191

WEBSITE:
www.spanjaard.biz

Date: 07-07-2020 11:00:00
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