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MUSTEK LIMITED - Short Form Announcement: Results For The Year Ended 30 June 2019 And Dividend Declaration

Release Date: 06/09/2019 16:25
Code(s): MST     PDF:  
 
Wrap Text
Short Form Announcement: Results For The Year Ended 30 June 2019 And Dividend Declaration

MUSTEK LIMITED

Incorporated in the Republic of South Africa

Registration number: 1987/070161/06

JSE share code: MST

ISIN: ZAE000012373

“Mustek” or “the Group”




SHORT FORM ANNOUNCEMENT: RESULTS FOR THE YEAR ENDED 30 JUNE 2019 AND DIVIDEND
DECLARATION



FINANCIAL HIGHLIGHTS



   –   Basic earnings per share 147,90 cents, up 44,2% (2018: 102,58 cents)

   –   Headline earnings per share 139,32 cents, up 33,8% (2018: 104,15 cents)

   –   Dividend per share 30 cents, up 36,4% (2018: 22 cents)

   –   Net asset value per share 1 494,21 cents, up 10,8% (2018: 1 348,54 cents)

   –   Revenue R5,85 billion, up 3,1% (2018: R5,67 billion)

   –   Operating profit R217,53 million, up 33,4% (2018: R163,08 million)

The information has been extracted from the audited results for the year ended 30 June
2019. This announcement itself has not been audited or reviewed.

This short-form announcement is the responsibility of the directors. It is

only a summary of the information contained in the full announcement and

does not contain full or complete details. Any investment decision should

be based on the full announcement, which can be accessed from Friday, 6

September 2019, using the following JSE link:

https://senspdf.jse.co.za/documents/2019/jse/isse/MST/MustekFY19.pdf.

Alternatively, the full announcement is available on our website at

https://mustek.co.za/financial/



The full announcement is available for inspection at Mustek’s registered office on
weekdays from 09:00 to 16:00, and copies thereof may be requested free of charge at
ltd@mustek.co.za
DIVIDEND DECLARATION



Notice is hereby given that a final dividend of 30 cents per ordinary share for the year
ended 30 June 2019 is declared, payable to shareholders recorded in the books of the
company at the close of business on the record date appearing below. This dividend is
declared out of income reserves. The company’s income tax reference number is 9550081716
and the company has 70 000 000 ordinary shares in issue and ranking for dividend at the
date of this declaration. The South African dividend tax rate is 20% resulting in a net
dividend of 24,00 cents per share to shareholders who are not tax exempt.

The salient dates applicable to the final dividend are as follows:

Last day of trade cum dividend                          Tuesday, 8 October 2019

First day to trade ex dividend                          Wednesday, 9 October 2019

Record date                                             Friday, 11 October 2019

Payment date                                            Monday, 14 October 2019

No share certificates may be dematerialised or rematerialised between Wednesday, 9
October 2019 and Friday, 11 October 2019, both days inclusive.

Where applicable, payment in respect of certificated shareholders will be transferred
electronically to shareholders’ bank accounts on the payment date. In the absence of
specific mandates, payment cheques will be posted to certificated shareholders at their
risk on the payment date. Shareholders who have dematerialised their shares will have
their accounts at their Central Securities Depository Participant or broker credited on
the payment date.




For and on behalf of the board of directors




David Kan                                 Neels Coetzee CA(SA)

Chief Executive Officer                   Financial Director

6 September 2019

Midrand

Corporate information:

www.mustek.co.za




Company secretary:

Sirkien van Schalkwyk

Office C0101b, Elarduspark Shopping Centre, 837 Barnard Street, Elarduspark, 0181

PO Box 4896, Rietvalleirand, 0174

Telephone: +27 (0) 12 751 6000
Transfer secretaries:

Computershare Investor Services Proprietary Limited

Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196.     PO Box 61051, Marshalltown, 2107,
South Africa

Telephone: (011) 370-5000




Registered office:

322 15th Road, Randjespark, Midrand, 1685




Postal address:

PO Box 1638, Parklands, 2121




Contact numbers:

Telephone: +27 (0) 11 237-1000

Facsimile:   +27 (0) 11 314-5039

Email: ltd@mustek.co.za




Sponsor:

Deloitte & Touche Sponsor Services Proprietary Limited

Date: 06/09/2019 04:25:00
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