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PSG GROUP LIMITED - Unaudited Financial Results And Dividend Declaration For The Six Months Ended 31 August 2019

Release Date: 15/10/2019 14:18
Code(s): PSG PGFP     PDF:  
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Unaudited Financial Results And Dividend Declaration For The Six Months Ended 31 August 2019

PSG GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1970/008484/06)
JSE Limited (“JSE”) share code: PSG
ISIN code: ZAE000013017
(“PSG Group” or “the company”)

PSG FINANCIAL SERVICES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1919/000478/06)
JSE share code: PGFP
ISIN code: ZAE000096079
(“PSG Financial Services”)


UNAUDITED FINANCIAL RESULTS AND DIVIDEND DECLARATION FOR THE SIX
MONTHS ENDED 31 AUGUST 2019


1.   SALIENT FEATURES

     Recurring earnings per share increased by 16% to R5.84 (2018: R5.03).

     Headline earnings per share increased by 12% to R5.68 (2018: R5.07).

     Attributable earnings per share increased by 24% to R6.39 (2018: R5.16).

     Profit before finance costs and taxation increased by 17% to R2.49bn (2018: R2.13bn).

     Dividend per share increased by 8% to R1.64 (2018: R1.52).

     At 31 August 2019, the sum-of-the-parts value per share was R259.56 (28 February 2019:
     R311.45), whilst at 11 October 2019 it was R299.57.

2.   ORDINARY DIVIDEND DECLARATION

     Ordinary shares

     The directors of the company have resolved to declare an interim gross ordinary dividend
     of R1.64 (2018: R1.52) per share from income reserves for the six months ended
     31 August 2019. The interim ordinary dividend amount, net of South African dividend tax
     of 20%, is R1.312 (2018: R1.216) per share for those shareholders that are not exempt
     from dividend tax. The number of ordinary shares in issue at the declaration date is
     232 163 254, and the income tax number of the company is 9950080714.

     The salient dates for this ordinary dividend distribution are:

     Last day to trade cum dividend                           Tuesday, 5 November 2019
     Trading ex-dividend commences                            Wednesday, 6 November 2019
     Record date                                              Friday, 8 November 2019
     Payment date                                             Monday, 11 November 2019

     Share certificates may not be dematerialised or rematerialised between Wednesday,
     6 November 2019, and Friday, 8 November 2019, both days inclusive.

     Preference shares

     The directors of PSG Financial Services declared a gross dividend of 428.07 cents per
     share in respect of the cumulative, non-redeemable, non-participating preference shares
     for the six months ended 31 August 2019, which was paid on Monday,
     23 September 2019. The related detailed announcement was disseminated on the JSE’s
     Stock Exchange News Service on Friday, 30 August 2019.

3.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of the company. It
     contains only a summary of the information in the full announcement and does not contain
     full or complete details. The full announcement can be found at:

     https://senspdf.jse.co.za/documents/2019/JSE/ISSE/PSG/PSGHY20.pdf

     The full announcement is also available for viewing on the company’s website at
     http://www.psggroup.co.za/InterimReportAug2019.pdf or may be requested and obtained
     in person, at no charge, at the registered office of the company or the company’s sponsor
     during office hours.

     Any investment decisions should be based on consideration of the full announcement.

4.   WEBCAST

     Shareholders are invited to join PSG Group’s interim results presentation via webcast at
     10h30 on Wednesday, 16 October 2019, by registering at:

     https://www.corpcam.com/PSG16102019


Stellenbosch
15 October 2019

Sponsor
PSG Capital

Date: 15/10/2019 02:18:00
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