QUANTUM FOODS HOLDINGS LIMITED - Summary Audited Consolidated Financial Statements for the Year Ended 30 September 2019 and Dividend Declaration

Summary Audited Consolidated Financial Statements for the Year Ended 30 September 2019 and Dividend Declaration


QUANTUM FOODS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2013/208598/06
Share Code: QFH
ISIN Code: ZAE000193686
("Quantum Foods" or "the Company")

SUMMARY AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019 AND DIVIDEND DECLARATION

SALIENT FEATURES

Revenue increased by 7% to R4 418 million, from R4 122 million in the prior corresponding period.

Operating profit decreased by 48% to R245 million, from R473 million in the prior corresponding period.

Headline earnings per share decreased by 44% to 92.3 cents per share, from 163.9 cents per share in the prior
corresponding period.

Earnings per share decreased by 44% to 92.6 cents per share, from 164.3 cents per share in the prior corresponding period.

Total dividends per share decreased by 63% to 33 cents per share, from 90 cents per share in the prior corresponding
period.

DIVIDEND DECLARATION

The directors resolved to declare a final gross dividend of 25 cents (2018: 70 cents) per share from income reserves in
respect of the year ended 30 September 2019. The final gross dividend consists of a normal dividend of 15 cents per share 
(2018: 21 cents per share) and a special dividend of 10 cents per share (2018: 49 cents per share). The normal and special 
dividend will be subject to a local dividend withholding tax rate of 20% for those shareholders who are not exempt from 
dividend withholding tax. Accordingly, for those shareholders not exempt from paying dividend withholding tax, the net normal
dividend will be 12 cents per share and the net special dividend will be 8 cents per share. The number of ordinary shares
in issue at the declaration date is 200 024 716 and the income tax number of the Company is 9095455193.

The salient dates of the dividend declaration are:

Declaration date                                     Thursday, 28 November 2020
Finalisation date                                    Tuesday, 7 January 2020
Last day to trade cum dividend                       Tuesday, 14 January 2020
Trading ex-dividend commences                        Wednesday, 15 January 2020
Record date                                          Friday, 17 January 2020
Date of payment                                      Monday, 20 January 2020

Share certificates may not be dematerialised or rematerialised between Wednesday, 15 January 2020 and Friday, 17 January
2020, both days inclusive.

As in the past, Quantum Foods is in the process of obtaining South African Reserve Bank approval for the special dividend.
The approval is expected to be received well in advance of the finalisation date of 7 January 2020. Should it not be
obtained by this date shareholders will be advised of revised dates in respect of the special dividend.

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 ("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/QFH/YESep2019.pdf

Copies of the Full Announcement is also available for viewing on the Company's website at
http://quantumfoods.co.za/downloads/2019/yesep2019.pdf or may be requested in person, at the Company's registered office
or the office of the sponsor, at no charge, during office hours.

Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement, as a
whole.


28 November 2019

Sponsor

PSG Capital


Date: 28-11-2019 02:45:00
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.