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PEMBURY LIFESTYLE GROUP LIMITED - Reviewed Summarised Results Announcement for the Six Months Ended 30 June 2019

Release Date: 03/10/2019 17:06
Code(s): PEM     PDF:  
Wrap Text
Reviewed Summarised Results Announcement for the Six Months Ended 30 June 2019

PEMBURY LIFESTYLE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/205899/06)
(“PL Group” or “the Company”)
ISIN Code: ZAE000222949	JSE Code: PEM

REVIEWED SUMMARISED RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2019

Pembury Lifestyle Group Limited (“the PL Group”) is the holding company of three subsidiaries, namely, PLG Schools, PLG Retirement Villages and PLG Properties.  A decision was taken by the Board during the period under review to discontinue the Retirement Villages business.  Accordingly, the continuing operations comprise the schools’ business, properties and head office.

	                                 30 June 2019	30 June 2018	Percentage
Revenue (continuing operations)	         R55 015 224 	R44 740 350 	22.96%
Operating Profit/(Loss)
(continuing operations)	                 R1 126 905 	(R1 304 681) 	86.37%
Basic loss per share (cents)
Continuing operations	                     (0.08)	  (0.52)	84.62%
Discontinued operations	                     (5.32)	  (0.99)	-437.37%
Diluted loss per share (cents)
Continuing operations	                     (0.08)	  (0.52)	84.62%
Discontinued operations	                     (5.32)	  (0.99)	-437.37%
Headline loss per share (cents)
Continuing operations	                     (0.08)	  (0.52)	84.62%
Discontinued operations	                     (2.06)	  (0.99)	-108.08%
Tangible net asset value                     29.98        38.96	        -16.63%


This short-form announcement is the responsibility of the directors and is only a summary of the information in the full announcement and does not contain full or complete details. The full announcement can be found on the Company’s website at www.pembury.co.za and also at the following link:  
https://senspdf.jse.co.za/documents/2019/JSE/ISSE/PEME/PEMIR2019.pdf

The full announcement and review opinion is available for inspection at the registered office of the Company and the office of the Sponsor at no charge during office hours on weekdays.  Copies of the full announcement may also be requested by contacting the Company during office hours on 011 678 4406. PL Group has not declared a dividend. Any investment decision should be based on consideration of the full announcement released on SENS on 3 October 2019, which can be obtained through the abovementioned link and on the Company’s website, as a whole.

For and on behalf of the board

L Brits	A McLachlan
Chairman	Chief Executive Officer

Johannesburg
3 October 2019

Directors: L Brits# (Chairman), A McLachlan* (Chief Executive Officer), W Marais* (Financial Director), S Nielson* S Thomas#, N Mthembu?, C Hechter?
* Executive   # Independent Non-Executive   ? Non-Executive 
Company Secretary: Arbor Capital Company Secretarial (Pty) Ltd, 20 Stirrup Lane, Cnr Woodmead Dr and Van Reenens Avenue, Woodmead, Johannesburg (Private Bag X29, Gallo Manor, 2052)
Registered Office: 111 9th Avenue, Fairlands, Johannesburg
Transfer Secretary: Link Market Services South Africa (Pty) Limited, 13th Floor, 19 Ameshoff Street, Braamfontein, Johannesburg 2000
Designated Advisor: Arbor Capital Sponsors (Pty) Ltd, 20 Stirrup Lane, Woodmead Office Park, Corner Woodmead Drive and Van Reenens Avenue, Woodmead, 2191 (Suite #439, Private Bag X29, Gallo Manor, 2052)
Registered Auditors: Nexia SAB&T., 119 Witch-Hazel Avenue, Highveld Technopark, Centurion (PO Box 10512, Centurion, 0046, Docex 15, Centurion)

Date: 03/10/2019 05:06:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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