SYGNIA LIMITED - Financial Results for the Six Months Ended 31 March 2020 and Dividend Declaration

Financial Results for the Six Months Ended 31 March 2020 and Dividend Declaration

SYGNIA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/025416/06)
Share code on the JSE and A2X: SYG
ISIN: ZAE000208815
(“Sygnia” or “the company”)


FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2020 AND DIVIDEND DECLARATION


1.   Highlights
•    Assets under management and administration of R217.7 billion as at 31 March 2020 (2019: R228.1 billion), down 4.6%.
     Recovered to R236.6 billion as at 30 April 2020.
•    Revenue of R308.1 million (2019: R229.3 million), up 34.4%.
•    Profit (before tax and finance charges) of R139.5 million (2019: R72.6 million), up 92.1%.
•    Profit after tax of R91.3 million (2019: R44.2 million), up 106.6%.
•    Basic earnings per share of 64.1 cents (2019: 30.3 cents), up 111.6%.
•    Headline earnings per share of 64.1 cents (2019: 31.7 cents), up 102.2%.
•    Net asset value per share of 450.7 cents (2019: 423.3 cents), up 6.5%
•    Total dividend per share of 40.0 cents (2019: 25.0 cents).


2.   Final dividend

A gross dividend of 40.0 cents per share has been declared on 9 June 2020 out of retained income, resulting in a net dividend
of 32.0 cents per share for shareholders subject to dividends tax (DT).

In compliance with the JSE listings requirements, the following dates are applicable:
Last day to trade:                   Tuesday, 30 June 2020
Shares trade ex-dividend: Wednesday, 1 July 2020
Record date:                         Friday, 3 July 2020
Payment date:                        Monday, 6 July 2020

Share certificates may not be dematerialised or rematerialised between Wednesday, 1 July 2020 and Friday, 3 July 2020,
both dates inclusive. Dividends declared after 31 March 2012 are subject to DT, where applicable. In terms of the DT, the
following additional information is disclosed:

The local DT rate is 20%.
The number of ordinary shares in issue at the date of this declaration is 148 255 945.
Sygnia’s tax reference number is 9334/221/16/6.

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3.   Short-form announcement

The short form announcement is the responsibility of the directors and is only a summary of the information contained in the
condensed consolidated financial statements. Any investment decisions by investors and/or shareholders should be based on
consideration of the condensed consolidated financial statements on the Company’s website (www.sygnia.co.za). Copies of
the condensed consolidated financial statements are available on request by emailing investorrelations@sygnia.co.za and at
the company’s sponsor, JSESponsor@standardbank.co.za. The condensed consolidated financial statements can be accessed
directly using the following JSE link: https://senspdf.jse.co.za/documents/2020/jse/isse/syge/SYGEHY20.pdf

In addition, the full announcement is available for inspection, at no cost, at the registered office of the Company from Monday
to Friday between 08:00 and 17:00.

These condensed consolidated financial statements have been reviewed by the Company’s auditors, Mazars who expressed
an unqualified review opinion thereon.


Cape Town
10 June 2020

Sponsor:
The Standard Bank of South Africa Limited




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Date: 10-06-2020 08:00:00
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