SPANJAARD LIMITED - Short Form Announcement - Audited Consolidated Results for the Year Ended 28 February 2021

Short Form Announcement - Audited Consolidated Results for the Year Ended 28 February 2021

SPANJAARD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1960/004393/06)
Share code: SPA ISIN: ZAE000006938
(“the Company”)

SHORT FORM ANNOUNCEMENT

AUDITED CONSOLIDATED RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2021

Spanjaard Limited, a leading and proudly South African manufacturer of special lubricants and
allied chemical products in the Automotive, Household, Industrial and Mining, Outdoor and
Leisure, Marine, Motorcycle, Food Grade, Non-Flammable Aerosols and Food markets, released
its results for the year ended 28 February 2021.

This short-form announcement is the responsibility of the Directors and is only a summary of the
information in the full announcement. The information contained in this announcement has
been extracted from audited information, but the announcement itself has not been audited.
The full announcement was released on SENS on 31 May 2021 and can be found on the
Company’s website:

https://www.spanjaard.biz/financials/ and also at the following link:

https://senspdf.jse.co.za/documents/2021/JSE/ISSE/SPA/SPAAFS21.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/

KEY FINANCIAL RESULTS SUMMARY

                                                          Year ended      Year ended
                                                         28 February     29 February    Increase/
                                                                2021            2020   (Decrease

 Revenue – R’000                                             136 755         123 731      13 024
 Operating profit/(loss) – R’000                               6 478           1 946       4 532
 Headline earnings per share – cents per share                  56.5            27.5        29.0
 Earnings per share – cents per share                           56.5            26.1        30.4
 Net asset value per share attributable to ordinary            639.9           582.8        57.1
 shareholders - cents
 Dividends declared per share - cents
 - Interim                                                         -               -           -
 - Final                                                           -               -           -

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.

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

By order of the Board
T Spanjaard
Chief Executive Officer

31 May 2021

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

* Independent Non-Executive

Date: 31-05-2021 11:00:00
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