ARGENT INDUSTRIAL LIMITED - Audited Results for the year ended 31 March 2020, Notice of Annual General Meeting and Distribution of Annual Report

Audited Results for the year ended 31 March 2020, Notice of Annual General Meeting and Distribution of Annual Report

ARGENT INDUSTRIAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1993/002054/06)
Share code: ART
ISIN: ZAE000019188
(“Argent” or “the company” or “the group”)

 AUDITED ANNUAL CONSOLIDATED RESULTS FOR THE YEAR ENDED 31 MARCH 2020, NOTICE OF
 ANNUAL GENERAL MEETING AND DISTRIBUTION OF ANNUAL REPORT

 FINANCIAL SUMMARY                                          31 March 2020     31 March 2019             % change
 
 Income statement
 Revenue                                      R 000             1 727 721         1 721 578                0.4%
 EDITDA                                       R 000               188 877           144 632                30.6%
 Operating profit                             R 000               133 383           119 692                11.4%
 Profit for the year                          R 000                97 914            85 464                14.6%
 Statement of financial position
 Total assets                                 R 000             1 577 556         1 413 740                11.6%
 Total liabilities                            R 000               530 075           381 118                39.1%
 Total shareholders’ funds                    R 000             1 047 481         1 032 622                  1.4%
 Net asset value per share                    cents               1 674.0           1 305.4                28.2%
 Shares in issue
 At end of period excluding treasury shares   000                  61 370            77 686                 (21%)
 Weighted average                             000                  73 589            82 741                (11.1%)
 Earnings and dividend per share
 Basic earnings per share                     cents                 130.8             101.2                29.2%
 Headline earnings per share                  cents                  33.4             104.4                27.8%
 Dividend per share *                         cents                   0.0              10.0                (100%)
 
 *No dividend was declared. Excess funds will be utilised for the share buy-back programme.

 The audited annual consolidated financial statements have been audited by BDO South Africa Inc., who expressed
 an unqualified audit opinion. A copy of the auditor’s report including the key audit matters is available for inspection
 at the company’s registered office, together with the financial statements identified in the auditor’s report, as well as
 on the company’s website, www.argent.co.za/info/annual reports/annual report 2020.

 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/2020/JSE/ISSE/ART/YE2020.pdf

 Copies of the full announcement is available for viewing on the company’s website at www.argent.co.za/info/interim
 results/YE2020 SENS or may be requested in person, at the company’s registered office or the office of the
 sponsor, at no charge, during office hours.

 Annual Report and Notice of Annual General Meeting
 The annual report including full audited consolidated financial statements for the financial year ended
 31 March 2020, has been distributed to shareholders today (“the Annual Report”). The annual report is available on
 the company’s website, www.argent.co.za/info/annual reports/annual report 2020.

 Notice is hereby given that Argent’s Annual General Meeting (“AGM”) of shareholders will be held in the company’s
 boardroom at First floor, Ridge 63, 8 Sinembe Crescent, La Lucia Ridge Office Estate, Umhlanga, on Friday, 4
 September 2020 at 10:00 to transact the business as stated in the notice of AGM circulated together with the annual
 report. The date on which shareholders must be recorded as such in the share register to be eligible to vote at the
 AGM is Friday, 28 August 2020, with the last day to trade being Tuesday,25 August 2020.

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

 Umhlanga
 6 August 2020

 Sponsor
 PSG Capital

Date: 06-08-2020 12:18:00
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