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NVEST FINANCIAL HOLDINGS LIMITED - SFA_Unaudited Interim Results for the 6 months ended 31 August 2019 & Interim Dividend Declaration (No 10)

Release Date: 19/11/2019 14:28
Code(s): NVE     PDF:  
 
Wrap Text
SFA_Unaudited Interim Results for the 6 months ended 31 August 2019 & Interim Dividend Declaration (No 10)

NVEST FINANCIAL HOLDINGS LIMITED AND ITS SUBSIDIARIES
(Incorporated in the Republic of South Africa)
(Registration number 2008/015990/06)
(“NVest” or “the Company” or “the Group”)
ISIN Code: ZAE000199865 JSE Code: NVE


SHORT FORM SENS ANNOUNCEMENT

UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2019 AND INTERIM 
DIVIDEND DECLARATION (NUMBER 10)


Salient Features
Extracted from the reviewed provisional condensed consolidated financial statements:

                                          31 August 2019        31 August 2018          Percentage
 Revenue                                     141 872 830           148 074 478               -4.19%
 Operating Profit                             42 599 475            44 961 207               -5.25%
 Headline earnings per share                10.18 (cents)         10.91 (cents)              -6.69%
 Earnings per share                         10.18 (cents)         10.59 (cents)              -3.87%
 Dividend                                    5.25 (cents)          5.50 (cents)              -4.55%
 Net Asset Value Per Share                 153.00 (cents)        143.68 (cents)               6.49%

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.nvestholdings.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/NVE/NVEFY19.pdf

DIVIDEND DECLARATION
The Board has declared an interim dividend (Number 10) of 5.25 cents per share, which amounts
to 51.6% of headline earnings. The dividend is declared out of income reserves of the Group. The
dividend will be subject to a dividend withholding tax rate of 20% or 1.05 cents per ordinary share.
Shareholders, unless exempt or qualifying for a reduced withholding tax rate, will receive a net
dividend of 4.20 cents per share. NVest’s tax reference number is 9053981180.

The number of ordinary shares which will be eligible for the dividend at the declaration date is
302 741 722. The salient dates for the dividend will be as follows:

                                                                                           2019
Last date to trade “cum” dividend                                           Tuesday, 3 December
Shares commence trading ”ex” dividend                                     Wednesday, 4 December
Record date (date shareholders recorded in share register)                   Friday, 6 December
Payment date                                                                 Monday, 9 December

Shareholders may not dematerialise or rematerialise their share certificates between Wednesday,
4 December 2019 and Friday, 6 December 2019, both dates inclusive.

Copies of the full announcement may be requested from the Company (Brendan Connellan,
brendanc@nvestholdings.co.za) or inspected at the registered office and/or the Designated
Advisors’ office, at no charge, during office hours.

Johannesburg
19 November 2019

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 19/11/2019 02:28:00
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