BELL EQUIPMENT LIMITED - Unaudited interim results for the period ended 30 June 2019 and cash dividend declaration

Unaudited interim results for the period ended 30 June 2019 and cash dividend declaration

BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/013656/06)
Share code: BEL
ISIN: ZAE000028304
("Bell Equipment" or "the Company")

UNAUDITED INTERIM RESULTS FOR THE PERIOD ENDED 30 JUNE 2019 AND CASH DIVIDEND DECLARATION

INTRODUCTION

Bell Equipment is a Proudly South African company with more than 60 years of experience in the manufacture, distribution
and support of materials handling equipment. Our comprehensive network of Bell branches and independent dealers
supplies equipment solutions, ancillary products and after-sales services to the agriculture, forestry, waste handling, 
construction and mining industries worldwide.

The content of this short form announcement is the responsibility of the board of directors of the Company.

Shareholders are advised that this short form announcement represents a summary of the information contained in the 
full announcement and does not contain full or complete details of the financial results.

Any investment decisions by investors and/or shareholders should be based on a consideration of the full announcement 
as a whole and shareholders are encouraged to review the full announcement, which is available for viewing on
the Company's website (www.bellir.co.za).

Link to full results https://senspdf.jse.co.za/documents/2019/jse/isse/BEL/Interim19.pdf

The full announcement is also available for inspection, at no charge, at the registered office of the Company,
13-19 Carbonode Cell Road, Alton, Richards Bay, 3900 and at the offices of Bell Equipment Limited's sponsor, Investec
Bank Limited, 100 Grayston Drive, Sandown, Sandton, during normal business hours from Tuesday, 10 September 2019.
Investors and/or shareholders may request copies of the full announcement from the Company Secretary
(diana.mcilrath@za.bellequipment.com).

FINANCIAL AND OPERATING RESULTS 
                                                            Six months ended    Six months ended       
                                                                30 June 2019        30 June 2018        % change
                                                                       R'000               R'000       
Revenue                                                            4 044 092           3 729 718               8
Profit from operating activities                                     272 028             199 061              37
Profit for the period                                                152 332             133 111              14
Net cash outflow for the period                                    (124 342)            (22 587)             451
Earnings per share (basic)(cents)                                        165                 132              25
Headline earnings per share (basic)(cents)                               164                 131              25
Net asset value per share (cents)                                      3 650               3 363               9

DIVIDENDS

Notice is hereby given that the directors have declared a gross interim cash dividend of 20 cents per ordinary share 
for the six-month period ended 30 June 2019 payable to ordinary shareholders in accordance with the timetable below.

The interim net dividend is 16 cents per share for ordinary shareholders who are not exempt from dividends tax.
The dividend withholding tax rate is 20 percent. 

The dividend has been declared from income reserves.

The company's income tax reference number is 9022169206.

The issued share capital at the declaration date is 95 629 385 ordinary shares.

The salient dates for the dividend will be as follows:
                                                                                                            2019
Last day of trade to receive a dividend                                                     Monday, 23 September
Shares commence trading "ex" dividend                                                    Wednesday, 25 September 
Record date                                                                                 Friday, 27 September 
Payment date                                                                                Monday, 30 September

Share certificates may not be dematerialised or rematerialised between Wednesday, 25 September 2019, and
Friday, 27 September 2019, both days inclusive.

On behalf of the board

Gary Bell                    Leon Goosen
Chairman                     Chief Executive

Richards Bay
9 September 2019

DIRECTORS

Non-executive
GW Bell (Chairman), JR Barton* (Lead Independent),
DH Lawrance*, HR van der Merwe*, ME Ramathe*, R Naidu*
*Independent

Executive
L Goosen (Group Chief Executive), A Goordeen (Alternate), 
KJ van Haght (Group Finance Director), AJ Bell

Registered Office
13 - 19 Carbonode Cell Road 
Alton, Richards Bay, 3900

Company Secretary
D McIlrath

Transfer Secretaries
Link Market Services South Africa Proprietary Limited
19 Ameshoff Street, Johannesburg, 2001

Sponsor
Investec Bank Limited
100 Grayston Drive, Sandown, Sandton, 2196

Auditors
Deloitte & Touche

www.bellir.co.za



Date: 09/09/2019 10:08:00
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