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Interim Results and Capital Distribution
PBT Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1936/008278/06)
JSE Share code: PBG ISIN: ZAE000256319
("PBT Group")
INTERIM FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 AND
CAPITAL REDUCTION DISTRIBUTION
INTRODUCTION
PBT Group provides data and analytics solutions and services that capitalise on data-driven insights, to make well-
timed, intuitive business decisions that consistently position our clients ahead of the curve.
PBT Group takes ownership of clients’ challenges – transforming their data into tangible assets that greatly assist in
streamlining operations as well as their predictive and analytical capabilities.
Technological integration is a key enabler in providing clients with custom-made solutions or services in support of
their organisational objectives. As a technology agnostic data specialist organisation, PBT Group is best positioned
to optimise clients’ operations without allowing product or technology to limit their options.
- Continued and increasing demand for the Group’s services.
- High correlation between the Group’s earnings and cashflow conversion.
- Increased expansion into United Kingdom and Europe.
- Group revenue increased by 14.1% to R320 645 996.
- Profit before tax of R33 823 004 comparing to the prior year profit of R15 428 841 from continuing operations..
- Earnings per share for continuing operations of 16.37 cents per share compared to the earnings per share of
2.96 cents per share for the comparative period (post the 1-for-10 share consolidation).
- Headline earnings per share for continuing operations of 16.39 cents per share compared to the headline
earnings per share of 3.04 cents per share for the comparative period (post the 1-for-10 share consolidation).
- Interim capital reduction distribution declared of 12 cents per share.
Statutory performance measures
For the six months ended 30 Percentage change
September
Continuing operations: 2019 2018 %
Revenue (Rand) 320 645 996 281 033 336 14.1
Operating profit (Rand) 33 369 566 14 466 008 129.8
Net profit before tax (Rand) 33 823 004 15 428 841 118.4
Net profit (Rand) 24 229 610 8 226 878 192.9
Profit attributable to owners of the parent (Rand) 16 174 905 4 126 516 288.8
Earnings per share (cents) 16.37 2.96 452.4
Headline earnings per share (cents) 16.39 3.04 434.9
Net asset value per share (cents) 304.39 190.66 59.7
Tangible net asset value per share (cents) 166.82 93.21 79.0
Distribution (cents) 12 0 100
DISTRIBUTION
Biannually, the directors consider the payment of a distribution, taking into account prevailing circumstances and
future cash and capital requirements of the Group, in order to determine the appropriate distribution in respect of a
particular financial reporting period.
The board of directors declared an interim capital reduction distribution as a return of contributed tax capital for
the six-month period ending 30 September 2019. The capital reduction distribution amount of R13.02million,
which equates to 12 cents per share, is not subject to dividend withholdings tax as the distribution is paid out of
capital reserves. As the distribution will be regarded as a return of capital and may have potential capital gains
tax consequences, shareholders are advised to consult their tax advisors regarding the impact of the distribution.
As at the date of declaration, there were 108 490 761 shares in issue. The company’s income tax reference
number is 9725148713.
In compliance with the Companies Act, the directors confirm that the company will satisfy the solvency and liquidity
test immediately after the completion of the capital distribution.
In accordance with the provisions of Strate Proprietary Limited, the electronic settlement and custody system used
by the JSE Limited, the relevant dates for the distribution are as follows:
Event Date
Last day to trade ‘cum distribution’ Tuesday, 17 December 2019
First trading day ‘ex distribution’ Wednesday, 18 December 2019
Record date Friday, 20 December 2019
Payment date Monday, 23 December 2019
No share certificates may be dematerialised or rematerialised between Wednesday, 18 December 2019 and
Friday, 20 December 2019, both days inclusive. Only the shareholders recorded in the company’s share register
as at record date are entitled to receive the distribution declared.
Payments for certificated shareholders will be transferred electronically to their bank accounts on payment date.
Shareholders who hold dematerialised shares will have their accounts at their central securities depository
participant or broker credited on Monday, 23 December 2019.
This short-form announcement is the responsibility of the Directors of the Company and is a summary of the
information in the full announcement which was released on SENS on 28 June 2019 and does not contain full or
complete details. Copies of the full announcement may be requested by contacting the company secretary, Bianca
Pieters, via e-mail: bianca.pieters@pbtgroup.co.za and is available for viewing on the following websites:
Company’s website: https://www.pbtgroup.co.za/shareholder-information/
JSE website: https://senspdf.jse.co.za/documents/2019/jse/isse/pbge/pbg0919.pdf
Any investment decision by investors and/or shareholders should be based on consideration of the full
announcement, copies of which are available for inspection at our offices and our sponsor’s offices on workdays
during business hours, at no charge:
Registered Office
PBT House
2 Mews Close
Waterford Mews
Century City
7441
Sponsor Office
29 Scott Street
Waverley
Johannesburg
2090
By order of the board:
Tony Taylor Pierre de Wet
Non-Executive Chairman Chief Executive Officer
28 November 2019
Cape Town
Sponsor
Sasfin Capital (a member of the Sasfin Group)
Date: 28-11-2019 07:05:00
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