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TELEMASTERS HOLDINGS LIMITED - Reviewed Provisional Financial Statements for the Year Ended 30 June 2019 and Dividend Declaration

Release Date: 01/10/2019 07:51
Code(s): TLM     PDF:  
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Reviewed Provisional Financial Statements for the Year Ended 30 June 2019 and Dividend Declaration

TELEMASTERS HOLDINGS LIMITED
(Registration Number: 2006/015734/06)
JSE Code: TLM ISIN: ZAE000093324
(“Telemasters” or “the Company”)


SHORT-FORM SENS ANNOUNCEMENT

REVIEWED PROVISONAL CONDENSED ANNUAL FINANCIAL STATEMENTS FOR THE YEAR
ENDED 30 JUNE 2019 AND DIVIDEND DECLARATION


About TeleMasters
TeleMasters is licensed to provide voice, data and cloud-based communication,
infrastructure and services.

We serve as a trusted advisor to our customers, through offering a clear road-map of the
business communications journey utilising our technology platform. This enables us to
provide unparalleled Enterprise Focused Communication solutions throughout South
Africa. Our stack of products, structured around the four key pillars of Connectivity,
Communications, Cloud Services and Security, makes Digital Transformation tangible
and effective and enables our customers to progress at their own pace and with the
necessary peace of mind that, when ready, they know that TeleMasters has the solution
they require.

Salient Features
Extracted from the reviewed provisional financial statements

                                                     30 June 2019              30 June 2018
                                                         Reviewed                   Audited
                                                                R                         R
 Revenue                                              100 037 105               113 567 969
 Operating Profit                                         151 925                 4 507 772
 Headline earnings per share                                 2.48                      7.36
 Earnings per share                                          2.48                      7.38
 Dividend per ordinary share (cents)
   -   paid during year                                         4                         5
   -   declared after year end                                1.5                         0

Dividend
A gross interim cash dividend (Number 45) of 1.50 cents per share has been declared
and is payable to all shareholders recorded in the share register of the Company at the
close of business on Friday, 1 November 2019.

The dividend will be subject to the Dividends Tax that was introduced with effect from 1
April 2012. In accordance with the provisions of the Listings Requirements of the
Johannesburg Stock Exchange, the following additional information is disclosed:
  •    the dividend has been declared out of retained earnings;
  •    the local Dividends Tax rate is 20%;
  •    the gross local dividend is 1.50 cents per share for shareholders exempt from
       Dividends Tax;
  •    the net local dividend is 1.20 cents per share for shareholders liable for Dividends
       Tax;
  •    the Company has 42 000 000 ordinary shares in issue;
  •    the Company’s income tax reference number is 9683/978/14/3.

The following dates are applicable to the dividend: The last day to trade in order to be
eligible for the dividend will be Tuesday, 29 October 2019. Shares will trade ex-dividend
from Wednesday, 30 October 2019. The record date will be Friday, 1 November 2019 and
payment will be made on Monday, 4 November 2019. Share certificates may not be
dematerialised / re-materialised between Wednesday, 30 October 2019 and
Friday, 1 November 2019, both days inclusive.

Changes to the Board
Mr Brandon Topham, resigned from the board, with effect from 31 January 2019.
Mr Michael Vosloo was appointed as CFO, with effect from 30 May 2019.

Short-Form Announcement
The short-form announcement is the responsibility of the directors and is only a summary
of information in the full announcement which is available on the company’s website
(www.telemasters.co.za). This announcement does not contain full or complete details
and any investment decisions by investors and/or shareholders should be based on
consideration of the published SENS available on:
https://senspdf.jse.co.za/documents/2019/JSE/ISSE/TLM/TLMFY19.pdf

The full announcement is available for inspection at the registered office and/or the
sponsor’s office, at no charge during office hours.

Pretoria
1 October 2019

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 01/10/2019 07:51:00
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