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SUPER GROUP LIMITED - Abridged Consolidated Financial Statements for the year ended 30 June 2020, Notice of AGM and B-BBEE Report

Release Date: 17/11/2020 17:12
Code(s): SPG SPG005 SPG006 SPG007 SPG004 SPG008 SPG009 SPG010 SPGC02     PDF:  
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Abridged Consolidated Financial Statements for the year ended 30 June 2020, Notice of AGM and B-BBEE Report

Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000161832
LEI: 378900A8FDADE26AD654
Debt Company Code: BISGL
("Super Group" or "the Group" or "the Company")

ABRIDGED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020, NOTICE OF AGM AND B-BBEE REPORT

AUDITED FINANCIAL RESULTS

Super Group reported reviewed results for the year ended 30 June 2020 on 15 September 2020. In relation to the impairment of inTime's goodwill of 
R569.1 million, it was identified that inTime did not account for the non-controlling interest amounting to R142.3 million, thereby understating the earnings
attributable to ordinary equity holders of Super Group. As a result, the Statement of Comprehensive Income, Statement of Financial Position and the
Statement of Changes in Equity have been restated. All restated figures are indicated with an asterisk (*).

Revenue 
decreased by 8.7% to R34.6 billion
(June 2019: R37.9 billion)

Operating profit 
decreased by 41.0% to
R1 578.0 million
(June 2019: R2 673.9 million)

Earnings per share
decreased by 114.4%*
(restated from 125.3%) to a loss of 52.1* cents
(restated from a loss of 91.4 cents)
(June 2019: profit of 360.8 cents)

Headline earnings 
decreased by 59.7% to R546.6 million
(June 2019: R1 354.7 million)

Headline earnings per share 
decreased by 59.6% to 151.2 cents
(June 2019: 373.8 cents)

Net asset value 
increased by 3.3% to R13.0 billion
(June 2019: R12.6 billion)

No dividend has been declared for the year ended 30 June 2020 (June 2019: Nil).

REGULATORY REQUIREMENTS

The contents of the short form announcement are the responsibility of the Board of directors of Super Group. The information in the short form announcement
is a summary of the full announcement available on the Company's website http://www.supergroup.co.za/investors/financial on 17 November 2020 and
accordingly does not contain the full or complete details. The full announcement can also be accessed online at:
https://senspdf.jse.co.za/documents/2020/JSE/ISSE/SPG/FY2020.pdf.

The information in this announcement has been extracted from the Abridged Summarised Consolidated Audited Financial Results and the short-form announcement
itself has not been reviewed or audited by the Company's auditors. The Abridged Summarised Consolidated Audited Financial Results have been prepared under
the supervision of the Chief Financial Officer, Colin Brown, CA(SA), BCompt (Hons), MBL.

The Abridged Summarised Consolidated Audited Financial Statements for the year ended 30 June 2020 have been extracted from audited information, but in
itself, has not been audited by KPMG Inc. (the Auditor). The Annual Financial Statements have been audited by KPMG Inc. who expressed an unmodified opinion
thereon.

The Independent Auditor's Report does not necessarily report on all of the information contained in this announcement. Shareholders and noteholders are
therefore advised that in order to obtain a full understanding of the nature of the Auditor's engagement, as well as key audit matters, they should obtain
a copy of the Independent Auditor's Report, together with the accompanying financial information from the issuers registered office. The Independent
Auditor's Report is available on the Company's website, http://www.supergroup.co.za/investors/financial on 17 November 2020.

Any investment decisions by shareholders/investors should be based on the full announcement as released on the JSE Limited's Stock Exchange News Service
and published on the Company's website, www.supergroup.co.za. The full announcement is also available at the Company's registered office (for inspection,
at no charge, during office hours on any business day) and at the offices of the sponsor, Investec Bank Limited, from 17 November 2020 to 24 November 2020,
both days inclusive. Copies of the full announcement may be requested by contacting John Mackay on telephone: +27(0)11 523 4663, email:
john.mackay@supergrp.com or fax: +27(0)11 523 4858.

An electronic version of the Notice of AGM, Form of Proxy, Electronic Participation Form, Integrated Report 2020, ESG Report as well as the full AFS are
available on the Company's website at http://www.supergroup.co.za/investors/integrated.

NOTICE OF ANNUAL GENERAL MEETING (AGM)

Notice is hereby given that the AGM of shareholders of the Company will be held at 09:00 on Friday, 18 December 2020. This meeting will be conducted
entirely by electronic communication as contemplated in section 63(2)(a) of the Companies Act, 2008 (Act 71 of 2008) (Companies Act), as amended.
The Board has determined, in accordance with section 59(1)(a) and (b) of the Companies Act, the following important dates:

SALIENT DATES                                                                    2020
Record date to receive the Notice of the AGM (Notice Record Date)                Friday, 6 November
Notice of AGM distributed to shareholders                                        Tuesday, 17 November
Last day to trade to be eligible to vote at the AGM                              Tuesday, 8 December
Record date for voting purposes at the AGM (Voting Record Date)                  Friday, 11 December
For administrative purposes, Forms of Proxy to be lodged by 09:00 on             Thursday, 17 December
AGM to be held 09:00 on                                                          Friday, 18 December
Results of the AGM released on the Stock Exchange News Service (SENS)            Friday, 18 December

BLACK ECONOMIC EMPOWERMENT CERTIFICATE (BEE)

Furthermore, shareholders are advised that the Company's BEE certificate and the Annual Compliance Report in terms of section 13G(2) of the Broad-Based
Black Economic Empowerment Amendment Act, No 46 of 2013 for the latest period will be available on the Company's website
http://www.supergroup.co.za/about/bbbee.

For and on behalf of the Board

Phillip Vallet                 Peter Mountford
Chairman of the Company        Chief Executive Officer

Sandton
17 November 2020

Registered office
27 Impala Road, Chislehurston, Sandton, 2196

Equity Sponsor 
Investec Bank Limited   
     
Debt Sponsor 
FirstRand Bank Limited, acting through its Rand Merchant Bank Debt and Trade Solutions division

supergroup.co.za


Date: 17-11-2020 05:12:00
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